BEIJING (dpa-AFX) - TAL Education Group (TAL) announced Loss for first quarter that missed the Street estimates.
The company's earnings came in at -$45.04 million, or -$0.07 per share. This compares with -$43.83 million, or -$0.07 per share, in last year's first quarter.
Excluding items, TAL Education Group reported adjusted earnings of -$19.52 million or -$0.03 per share for the period.
Analysts on average had expected the company to earn $0.00 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 22.9% to $275.44 million from $224.05 million last year.
TAL Education Group earnings at a glance (GAAP) :
-Earnings (Q1): -$45.04 Mln. vs. -$43.83 Mln. last year. -EPS (Q1): -$0.07 vs. -$0.07 last year. -Analyst Estimates: $0.00 -Revenue (Q1): $275.44 Mln vs. $224.05 Mln last year.
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