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NEW YORK -On Thursday, TAL Education Group (NYSE:TAL) the Chinese education company reported first quarter earnings and revenue that fell short of analyst expectations.
The company’s shares plunged -13.21% in premarket trading following the release.
The smart learning solutions provider posted adjusted earnings per American Depositary Share (ADS) of $0.01 for the quarter ended February 28, missing the consensus estimate of $0.09. Revenue rose 42.1% year-over-year to $610.2 million, but came in below analyst projections of $624.74 million.
While TAL’s top line growth remained robust, the earnings and revenue miss disappointed investors, leading to the sharp sell-off in the stock. The company has been working to transform its business model following China’s regulatory crackdown on the private education sector in 2021.
"We continued to receive positive user feedback in both online and offline enrichment learning programs, as more families seek solutions that enable learners’ holistic development," said Alex Peng, TAL’s President & Chief Financial Officer.
For the full fiscal year 2025, TAL reported net revenues of $2.25 billion, up 51% from the prior year. Non-GAAP net income attributable to TAL was $149.5 million, compared to $85.3 million in fiscal 2024.
The company’s board authorized an extension of its share repurchase program by 12 months through April 30, 2026. TAL may repurchase up to approximately $490.7 million of its common shares under the extended program.
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