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TAL Education Registers 84% Revenue Decline In Q1

Benzinga Real-time News · Jul 29, 2022 06:00

TAL +8.03%

$TAL Education(TAL.US)$ reported a first-quarter FY23 sales decline of 83.8% year on year to $224 million.
Operating costs and expenses declined 82.8% Y/Y to $260 million.
The gross profit decreased 82.4% Y/Y to $135.5 million with a gross margin of 60.4%.
The company's loss from operations narrowed to $(28.3) million in the quarter.
The company held $2.9 billion in cash and equivalents as of May 31, 2022.
EPS loss was $(0.07) versus $(0.16) in the previous year.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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