{"id":36318,"date":"2012-10-23T07:41:00","date_gmt":"2012-10-23T07:41:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/tal-education-group-xrs-quarterly-net-revenues-increased-by-32-3-year-over-year\/36318\/"},"modified":"2012-10-23T07:41:00","modified_gmt":"2012-10-23T07:41:00","slug":"tal-education-group-xrs-quarterly-net-revenues-increased-by-32-3-year-over-year","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/tal-education-group-xrs-quarterly-net-revenues-increased-by-32-3-year-over-year\/36318\/","title":{"rendered":"TAL Education Group &#8211; XRS &#8211; Quarterly Net Revenues Increased by 32.3% Year-Over-Year"},"content":{"rendered":"<p><script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"ca-pub-1408583772585547\";\n\/* SMW - News Links *\/\ngoogle_ad_slot = \"3490797620\";\ngoogle_ad_width = 468;\ngoogle_ad_height = 15;\n\/\/-->\n<\/script><br \/>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script><\/p>\n<p><strong><a href=\"https:\/\/thestockmarketwatch.com\/stock.aspx?stock=XRS\">NYSE: XRS<\/a>)<\/strong>, a leading K-12 after-school tutoring services provider in China, announced its unaudited financial results for the quarter ended August 31, 2012, which is the second quarter of TAL&#8217;s fiscal year 2013.<\/p>\n<ul>\n<li>Quarterly Net Revenues Increased by 32.3% Year-Over-Year<\/li>\n<li>Quarterly Income from Operations Increased by 65.1% Year-Over-Year<\/li>\n<li>Quarterly Net Income Attributable to TAL Increased by 49.7% Year-Over-Year<\/li>\n<li>Quarterly Non-GAAP Net Income Attributable to TAL Increased by 36.8% Year-Over-Year<\/li>\n<li>Board of Directors approved cash dividend of US$0.50 per ADS<\/li>\n<\/ul>\n<p><strong>XRS &#8211; Highlights for the Second Quarter of Fiscal Year 2013 <\/strong><\/p>\n<ul>\n<li>Net revenues increased by 32.3% year-over-year to US$68.1 million from US$51.4 million in the same period of the prior year.<\/li>\n<li>Income from operations increased by 65.1% to US$16.7 million, from US$10.1 million in the second quarter of fiscal year 2012.<\/li>\n<li>Net income attributable to TAL increased by 49.7 % year-over-year to US$16.0 million from US$10.7 million in the same period of the prior year.<\/li>\n<li>Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, increased by 36.8 % year-over-year to US$18.1 million from US$13.2 million in the same period of the prior year.<\/li>\n<li>Basic and diluted net income per American Depositary Share (&#8220;ADS&#8221;) were both US$0.21. Non-GAAP basic and diluted net income per ADS, excluding share-based compensation expenses, were both US$0.23.<\/li>\n<li>Total student enrollments during the second quarter of fiscal year 2013 increased by 24.8% year-over-year to approximately 247,100.<\/li>\n<li>Total physical network decreased to 257 learning centers as of August 31, 2012 from 268 learning centers as of August 31, 2011.<\/li>\n<\/ul>\n<p><strong>XRS &#8211; Highlights for the First Six Months Ended August 31, 2012 <\/strong><\/p>\n<ul>\n<li>Net revenues increased by 38.7% year-over-year to US$117.4 million from US$84.7 million in the same period of the prior year.<\/li>\n<li>Income from operations increased by 67.6% to US$22.7 million, from US$13.5 million in the same period of fiscal year 2012.<\/li>\n<li>Net income attributable to TAL increased by 37.3 % year-over-year to US$21.0 million from US$15.3 million in the same period of the prior year.<\/li>\n<li>Non-GAAP net income attributable to TAL, which excluded share-based compensation expenses, increased by 24.6% year-over-year to US$25.3 million from US$20.3 million in the same period of the prior year.<\/li>\n<li>Basic and diluted net income per ADS were both US$0.27. Non-GAAP basic and diluted net income per ADS, in each case excluding share-based compensation expenses, were US$0.33 and US$0.32.<\/li>\n<li>Total student enrollments during the first six months of fiscal year 2013 increased by 28.4% year-over-year to approximately 411,610.<\/li>\n<li>Total physical network decreased to 257 learning centers as of August 31, 2012 from 270 learning centers as of February 29, 2012.<\/li>\n<\/ul>\n<p><strong>About TAL Education Group &#8211; XRS<\/strong><\/p>\n<p>TAL Education Group (XRS), which operates under the brand &#8220;Xueersi,&#8221; is a leading K-12 after-school tutoring service provider in China. Its tutoring services cover the core subjects in China&#8217;s school curriculum, including mathematics, English, Chinese, physics, chemistry and biology, and are delivered through three formats: small class, one-on-one, and online courses.\u00a0 XRS&#8217;s network includes 257 physical learning centers as of August 31, 2012, located in 15 key cities in China: Beijing, Shanghai, Guangzhou, Shenzhen, Tianjin, Wuhan, Xi&#8217;an, Chengdu, Nanjing, Hangzhou, Taiyuan, Zhengzhou, Chongqing, Suzhou and Shenyang.<\/p>\n<div class=\"nr_clear\"><\/div>\n<div id=\"nrelate_popular_2\" class=\"nrelate nrelate_popular nrelate_default nr_1col nr_text\"><\/div>\n<p>\t<!--[if IE 6]>\n\t\t<script type=\"text\/javascript\">jQuery('.nrelate_default').removeClass('nrelate_default');<\/script>\n\t<![endif]--><\/p>\n<p>\t<script type=\"text\/javascript\">\n\t\/* <![CDATA[ *\/\n\t\tnRelate.domain = \"www2.thestockmarketwatch.com%2Fstock-market-news\";\n\t\tvar entity_decoded_nr_mp_url = jQuery('<span\/>').html(\"https:\/\/web.archive.org\/web\/20121024185532\/http:\/\/api.nrelate.com\/mpw_wp\/0.51.2\/?tag=nrelate_popular&domain=www2.thestockmarketwatch.com%2Fstock-market-news&url=http%3A%2F%2Fwww2.thestockmarketwatch.com%2Fstock-market-news%2Ftal-education-group-xrs-quarterly-net-revenues-increased-by-32-3-year-over-year%2F36318&nr_div_number=2&maxageposts=7200&increment=1\").text();\n\t\tnRelate.getNrelatePosts(entity_decoded_nr_mp_url);\n\t\/* ]]&gt; *\/\n\t<\/script>\n\n\n<div class=\"nr_clear\"><\/div>\n\n\n\n\n<!-- AddThis Button BEGIN -->\n\n\n<div class=\"addthis_toolbox addthis_default_style addthis_32x32_style\">\n<a class=\"addthis_button_preferred_1\"><\/a>\n<a class=\"addthis_button_preferred_2\"><\/a>\n<a class=\"addthis_button_preferred_3\"><\/a>\n<a class=\"addthis_button_preferred_4\"><\/a>\n<a class=\"addthis_button_compact\"><\/a>\n<a class=\"addthis_counter addthis_bubble_style\"><\/a>\n<\/div>\n\n\n<script type=\"text\/javascript\">var addthis_config = {\"data_track_addressbar\":true};<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/s7.addthis.com\/js\/250\/addthis_widget.js#pubid=pennystocksfinder\"><\/script>\n<!-- AddThis Button END -->\n\n\n\n\n<p>More Posts by this author<\/p>\n\n\n\n<ul>\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/capital-senior-living-csu-acquires-eight-communities-for-72-9-million\/36394\">\nCapital Senior Living &#8211; CSU &#8211; Acquires  Eight Communities for $72.9 Million<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/iconix-brand-icon-to-acquire-umbro\/36392\">\nIconix Brand &#8211; ICON &#8211; To Acquire Umbro<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/integra-lifesciences-iart-earnings-came-in-stronger-than-expected\/36393\">\nIntegra LifeSciences &#8211; IART &#8211; Earnings came in stronger than expected<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/signet-jewelers-sig-to-acquire-ultra-stores\/36391\">\nSignet Jewelers &#8211; SIG &#8211; To acquire Ultra Stores<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/tennant-company-tnc-strong-financial-shape-and-are-pleased-to-raise-the-companys-dividend\/36390\">\nTennant Company &#8211; TNC &#8211; Strong financial shape and are pleased to raise the company&#8217;s dividend<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/avery-dennison-avy-delivered-the-strongest-organic-sales-growth-since-first-quarter-2011\/36389\">\nAvery Dennison &#8211; AVY &#8211; Delivered the strongest organic sales growth since first quarter 2011<\/a><\/li>\n\n\n\n\n\n\n<li><a href=\"http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/stoneridge-sri-third-quarter-2012-results\/36388\">\nStoneridge &#8211; SRI &#8211; Third-Quarter 2012 Results<\/a><\/li>\n\n\n\n<\/ul>\n\n\n\n\n\n\n<hr>\n\n\n\n\n\n<table style=\"border:none;margin:0;\">\n\n\n<tr>\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/web.archive.org\/web\/20121024185532im_\/http:\/\/www2.thestockmarketwatch.com\/stock-market-news\/wp-content\/uploads\/userphoto\/5.jpg\" alt=\"edliston\" width=\"125\" height=\"125\" class=\"photo\"><\/td>\n\n\n\n\n<td style=\"padding:5px;vertical-align:top;\" valign=\"top\">\n\n\n<div style=\"font-size:11pt;\"><b>Post Written By: Ed Liston <\/b><\/div>\n\n\n\n\n<div style=\"font-size:10pt;\">\n\nEd Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.\n<\/div>\n\n\n<\/td>\n\n<\/tr>\n\n<\/table>\n\n\n\n\n\n\n<script type=\"text\/javascript\"><!--\ngoogle_ad_client = \"pub-1408583772585547\";\n\/* 336x280, created 7\/9\/11 *\/\ngoogle_ad_slot = \"3552319058\";\ngoogle_ad_width = 336;\ngoogle_ad_height = 280;\n\/\/-->\n<\/script>\n<script type=\"text\/javascript\" src=\"http:\/\/pagead2.googlesyndication.com\/pagead\/show_ads.js\">\n<\/script>\n\n\t\t\t\t\t\t\n\n\t\n\n<div style=\"margin:5px;margin-bottom:20px;font-size:11pt;\">&laquo; <a href=\"https:\/\/thestockmarketwatch.com\/stock-market-news\/\">Return to Stock Market News<\/a> &laquo; <\/div>\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NYSE: XRS), a leading K-12 after-school tutoring services provider in China, announced its unaudited financial results for the quarter ended 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