TAL Education Swings to $47.4M Q2 Net Loss on Higher Expenses; Shares Fall 4.2% Pre-Market

TAL Education Group (TAL) reported a net loss of $47.438 million, or $0.26 per share, for the second quarter of fiscal 2027 ended August 31, reversing a net profit of $124.084 million, or $0.64 per share, a year earlier. Shares fell 4.17% to $9.64 in pre-market trading on the New York Stock Exchange. Adjusted loss was $35.607 million, or $0.06 per ADS, versus adjusted income of $135.836 million, or $0.24 per ADS, a year ago. Revenue rose to $994.648 million from $861.353 million, and income from operations climbed to $235.861 million from $96.097 million. The loss stemmed from a jump in income tax expense to $135.895 million from $51.080 million and other expenses of $189.683 million versus prior-year other income of $67.076 million, reflecting investment fair-value fluctuations. The board declared a cash dividend of $0.3 per share ($0.1 per ADS), payable on or about December 18 to shareholders of record as of December 1.