TAL Education Non-GAAP EPS of -$0.04, revenue of $232.7M

• TAL Education press release (NYSE:TAL): Q3 Non-GAAP earnings per ADS of -$0.04.
• Revenue of $232.7M (-77.2% Y/Y).
• Shares +2.8% PM.
• Net loss attributable to TAL was US$51.6 million, compared to net loss attributable to TAL of US$99.4 million in the same period of the prior year.
• Non-GAAP net loss attributable to TAL, which excluded share-based compensation expenses, was US$23.2 million, compared to non-GAAP net loss attributable to TAL of US$58.6 million in the same period of the prior year.
• Cash, cash equivalents and short-term investments totaled US$3,040.5 million as of November 30, 2022, compared to US$2,708.7 million as of February 28, 2022.