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TAL Education Clocks 77.2% Top-Line Decline In Q3 Hit By Seasonality & Forex Fluctuations

TAL Education Clocks 77.2% Top-Line Decline In Q3 Hit By Seasonality & Forex Fluctuations

受季节性和外汇波动的打击,TAL Education在第三季度收入下降了77.2%
Benzinga Real-time News ·  2023/01/19 18:11
  • TAL Education Group (NYSE:TAL) reported a third-quarter FY22 sales decrease of 77.2% year-on-year to $232.7 million, missing the consensus of $239.83 million.
  • Operating costs and expenses declined 76.6% Y/Y to $266.3 million.
  • Gross profit decreased 74.1% Y/Y to $129.7 million with a gross margin of 55.7%.
  • Operating loss for the quarter narrowed to $(32.9) million compared to a loss of $(108.4) million a year ago.
  • The company held $1.9 billion in cash and equivalents as of November 30, 2022.
  • Adjusted EPS of $(0.04) missed the analyst consensus of $0.02.
  • "Although the revenue of this quarter was affected by exchange rate fluctuations and seasonality,our new business has maintained the momentum of continuous development " said CFO Alex Peng.
  • Peng added, "We expect to continue our development in the fourth quarter, enhancing the value that we deliver to our customers while further refining our operating efficiency to strengthen our competitive position and drive sustainable, long-term growth of our business."
  • Price Action: TAL shares are trading higher by 0.38% at $8.00 in premarket on the last check Thursday.
  • Photo Via Company
  • TAL 教育集团 纽约证券交易所代码:TAL)报告称,22财年第三季度销售额同比下降77.2%,至2.327亿美元,未达到共识的2.3983亿美元。
  • 运营成本和支出同比下降76.6%,至2.663亿美元。
  • 毛利同比下降74.1%,至1.297亿美元,毛利率为55.7%。
  • 该季度的营业亏损缩小至3,290万美元,而去年同期的亏损为1.084亿美元。
  • 截至2022年11月30日,该公司持有19亿美元的现金及等价物。
  • 调整后的每股收益为0.04美元,未达到分析师共识的0.02美元。
  • 首席财务官亚历克斯·彭说:“尽管本季度的收入受到汇率波动和季节性的影响,但我们的新业务保持了持续发展的势头。“
  • 彭补充说:“我们预计将在第四季度继续发展,提高我们为客户提供的价值,同时进一步提高我们的运营效率,以增强我们的竞争地位并推动我们业务的可持续长期增长。”
  • 价格走势: 在周四的最后一次盘前交易中,TAL股价上涨了0.38%,至8.00美元。
  • 照片来自公司

译文内容由第三方软件翻译。


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