US Stock Market Move | Q3 revenue increased by 62.4% TAL Education Group Sponsored ADR Class A(TAL.US) surged by over 13% in pre-market trading.

On Thursday, TAL Education Group Sponsored ADR Class A (TAL.US) surged more than 13% in pre-market trading, reaching $10.35. On the news front, the financial report shows that the company's Q3 net revenue was $606.4 million, a year-on-year increase of 62.4%; the company's net profit was $23.1 million, compared to a net loss of $23.9 million in the same period last year; basic and diluted earnings per ADS were $0.04. Non-GAAP net profit attributable to the company was $38.6 million, compared to a loss of $1.9 million in the same period last year; basic and diluted earnings per ADS were $0.06. As of November 30, 2024, the total amount of cash, cash equivalents, and short-term investments was $3.8358 billion.