10 AI News You Should Not Miss

6. TAL Education Group (NYSE:TAL)

Number of Hedge Fund Holders: 29

TAL Education Group (NYSE:TAL) provides K-12 tutoring services in China, offering small-class, personalized, and AI-powered learning solutions, along with online platforms and educational products.

On January 23, TAL (NYSE:TAL) posted strong earnings with President and CFO Alex Peng highlighting a strong year-over-year revenue growth, driven by the rapid expansion of AI learning devices and positive market feedback. The company reported FQ3 2024 non-GAAP EPADS of $0.06, exceeding estimates by $0.01, with revenue reaching $606.4 million, a 62.4% year-over-year increase, beating expectations by $65.04 million. As of November 30, 2024, the company held $3.84 billion in cash, cash equivalents, and short-term investments, up from $3.3 billion in February 2024. Operating activities generated $378 million in net cash during the quarter.