BEIJING (dpa-AFX) - TAL Education Group (TAL) revealed a profit for its second quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $57.43 million, or $0.09 per share. This compares with $37.90 million, or $0.06 per share, in last year's second quarter.
Excluding items, TAL Education Group reported adjusted earnings of $74.33 million or $0.12 per share for the period.
Analysts on average had expected the company to earn $0.09 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 50.4% to $619.36 million from $411.93 million last year.
TAL Education Group earnings at a glance (GAAP) :
-Earnings (Q2): $57.43 Mln. vs. $37.90 Mln. last year. -EPS (Q2): $0.09 vs. $0.06 last year. -Revenue (Q2): $619.36 Mln vs. $411.93 Mln last year.
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