SPY389.63+0.17 0.04%
DIA312.42-0.01 0.00%
IXIC11,354.62-33.88 -0.30%

BRIEF-Tal Education Group Says Q4 Revenue Fell 60.3% To $541.2 Mln

reuters.com · 04/29/2022 04:06
BRIEF-Tal Education Group Says Q4 Revenue Fell 60.3% To $541.2 Mln

- TAL Education Group TAL:

  • ANNOUNCES UNAUDITED FINANCIAL RESULTS FOR THE FOURTH FISCAL QUARTER AND THE FISCAL YEAR 2022

  • Q4 REVENUE FELL 60.3 PERCENT TO $541.2 MILLION

  • QTRLY DILUTED NET LOSS PER ADS $0.17

  • TAL EDUCATION - ANNOUNCED APPOINTMENT OF MS. JANET YAN FENG TO BOARD AND RESIGNATION OF MS. JANE JIE SUN FROM BOARD, BOTH EFFECTIVE APRIL 29, 2022

  • QTRLY NON-GAAP BASIC AND DILUTED NET LOSS PER ADS, WHICH EXCLUDED SHARE-BASED COMPENSATION EXPENSES, WERE BOTH US$0.17

  • AUTHORIZED TO EXTEND ITS SHARE REPURCHASE PROGRAM LAUNCHED IN APRIL 2021 BY 12 MONTHS

  • PURSUANT TO EXTENDED SHARE REPURCHASE PROGRAM, CO MAY REPURCHASE UP TO NEARLY $803.7 MILLION OF ITS SHARES THROUGH APRIL 30, 2023

  • TAL EDUCATION - SENIOR MANAGEMENT TO USE PERSONAL FUNDS TO PURCHASE UP TO AGGREGATE OF US$100 MILLION OF CO'S COMMON SHARES DURING A 12-MONTH PERIOD FOLLOWING TODAY

  • Q4 EARNINGS PER SHARE VIEW $-0.15, REVENUE VIEW $1.20 BILLION -- REFINITIV IBES DATA


((Reuters.Briefs@thomsonreuters.com;))