12:27 PM EDT, 04/25/2024 (MT Newswires) -- (Updates with share price movement in the first paragraph)

TAL Education Group ( TAL ) shares surged 7.4% in recent Thursday trading after the company's fiscal Q4 earnings and net revenue exceeded consensus.

The company reported fiscal Q4 non-GAAP earnings of $0.08 per diluted American depositary share, swinging from a per-ADS loss of $0.02 a year earlier.

Analysts polled by Capital IQ expected EPS of $0.02.

Net revenue in the quarter ended Feb. 29 jumped to $429.6 million from $269 million a year earlier, the company said Thursday.

Analysts surveyed by Capital IQ expected $384.5 million.

The online education company said its board approved an extension of its stock-buyback program by 12 months to repurchase shares worth about $503.8 million through April 30, 2025.

Price: 13.16, Change: +0.90, Percent Change: +7.38