Why TAL Education Group Tumbled Today
Shares of TAL Education Group (NYSE: TAL) fell 11% on Thursday, following the release of its fiscal first-quarter financial results.
The provider of after-school tutoring services in China grew its revenue by 27.6% year over year, to $702.8 million.
TAL Education Group's network of learning centers stood at 725 locations in 57 cities at the end of the second quarter, up from 676 centers at the end of February. The expansion of the company's physical network and online programs is helping to swell its student base. Total student enrollments of normal priced long-term courses jumped 40.6% year over year, to approximately 1.7 million.
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