TAL Education reports stronger first-quarter revenue, earnings and gross margin, all above estimates
TAL Education Group reported first-quarter net revenue of $758.4 million, up 32% from a year earlier and above the market estimate of $707.8 million. Adjusted earnings per ADS for the first quarter were $0.75, compared with $0.070 a year earlier and above the market estimate of $0.26. First-quarter gross margin was 57.8%, compared with 54.9% a year earlier and above the market estimate of 55.5%.