BEIJING (dpa-AFX) - TAL Education Group (TAL) reported Loss for fourth quarter that decreased from the same period last year but missed the Street estimates.
The company's earnings totaled -$39.42 million, or -$0.06 per share. This compares with -$108.12 million, or -$0.17 per share, in last year's fourth quarter.
Excluding items, TAL Education Group reported adjusted earnings of -$13.09 million or -$0.02 per share for the period.
Analysts on average had expected the company to earn $0.02 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 50.3% to $268.99 million from $541.15 million last year.
TAL Education Group earnings at a glance (GAAP) :
-Earnings (Q4): -$39.42 Mln. vs. -$108.12 Mln. last year. -EPS (Q4): -$0.06 vs. -$0.17 last year. -Analyst Estimates: $0.02 -Revenue (Q4): $268.99 Mln vs. $541.15 Mln last year.
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