TAL Education Group provided revenue guidance for the fourth quarter of fiscal year 2020. Based on current estimates, total net revenues for the fourth quarter of fiscal year 2020 are expected to be between $959.1 million and $980.9 million, representing an increase of 32% to 35% on a year-over-year basis.

For the third quarter, the company reported impairment loss on long-term investments was $41,131,000 compared to $46,408,000 a year ago.