Market Overview - The U.S. stock market closed mixed, with the Dow Jones Industrial Average up by 55.96 points (+0.11%), while the Nasdaq Composite fell by 172.33 points (-0.72%) and the S&P 500 decreased by 9.02 points (-0.13%) [2] - Major tech stocks showed divergent trends, with Meta Platforms surging nearly 10% and Microsoft plummeting over 10% due to slowing cloud business growth and record capital expenditures [2][3] Company Performance - Meta Platforms (Facebook) closed at $738.195, up 10.39% for the day and 11.83% year-to-date [3] - Microsoft saw a significant drop, closing at $433.195, down 10.06% for the day and 10.43% year-to-date [3] - Nvidia rose by 0.49%, while Google reached a historical high with a 0.68% increase [2][3] - Tesla's stock fell over 3%, marking its first annual revenue decline [2] Chinese Stocks - The Nasdaq Golden Dragon China Index increased by 0.35%, with notable gains in online education stocks, particularly TAL Education, which rose over 18% after exceeding earnings expectations [5][6] - Other Chinese tech stocks like NIO, Beike, and Atour also saw increases of over 3% [5] Commodities - Gold and silver experienced significant volatility, initially dropping but ultimately closing up over 1% [7] - WTI crude oil and ICE Brent crude both rose by over 3% amid geopolitical tensions in the Middle East [7] Cryptocurrency Market - Major cryptocurrencies faced a collective downturn, with Bitcoin dropping over 5% to below $84,500, and Ethereum falling over 6% [8] - More than 220,000 traders were liquidated, with total liquidation exceeding $1 billion [8]

Market Overview - The U.S. stock market showed mixed results with major indices fluctuating, as technology stocks experienced divergent trends, with Meta rising by 10% and Microsoft dropping by over 10% [1][2] - The Nasdaq China Golden Dragon Index saw a slight increase of 0.35%, while online education stocks mostly rose, with TAL Education surging over 18% [1][4] Technology Sector - Major tech stocks displayed varied performance; Nvidia increased by 0.52%, Google rose by 0.71% to a historical high, while Microsoft fell over 10% due to slowing cloud business growth and record capital expenditures [2][3] - ServiceNow, despite reporting better-than-expected quarterly earnings, dropped nearly 10% following Microsoft's decline, indicating a broader impact on the software sector [3] Commodities - Gold and silver experienced significant volatility, initially dropping but ultimately closing higher, with COMEX gold and silver both rising over 1% [4][6] - International oil prices surged by over 3% amid rising tensions in the Middle East, with concerns about potential disruptions in oil transport [6] Cryptocurrency Market - The cryptocurrency market faced a sharp decline, with Bitcoin dropping over 5% to below $84,500, and over 220,000 traders facing liquidation, totaling more than $1 billion in losses [6][7] - The overall market sentiment was negative, with major cryptocurrencies like Ethereum and SOL also experiencing significant drops [7] Chinese Education Sector - TAL Education reported a strong performance with a quarterly earnings surprise, leading to an 18.03% increase in its stock price [5] - Other Chinese education stocks like Yiqi Education and New Oriental also saw positive movements, indicating a recovery trend in the sector [5]

（文章来源：每日经济新闻） 每经AI快讯，1月30日，热门中概股涨跌不一，纳斯达克中国金龙指数收涨0.35%，富途跌超2%，哔哩 哔哩、网易跌超1%，蔚来涨超3%，好未来涨超18%。 ...

Group 1 - The stock price of TAL Education Group increased by 17.94% [1] - Noah Holdings saw a rise of 4.10% in its stock price [1] - Yika Technology's stock price rose by 4.57% [1] - NIO Inc. experienced a stock price increase of 3.81% [1] - Atour Group's stock price went up by 3.60% [1]

智通财经APP获悉，周四，好未来(TAL.US)大涨逾12%，报12.13美元。好未来公布截止至2025年11月30 日的2026财年第三季度业绩。非GAAP每股收益为0.25美元，超出预期0.17美元。营收为7.7017亿美元， 同比增长27%，超出预期417万美元。 ...

（编辑 张昕） 截至2025年11月30日的9个月，好未来净收入为22.07亿美元，上年同期净收入为16.40亿美元。归属于好未来的净利润为 2.86亿美元，上年同期归属于好未来的净利润为9190.2万美元。 好未来总裁兼首席财务官彭壮壮表示："第三季度，公司净收入继续保持稳健增长态势。公司始终专注于将技术融入学习 体验，并致力于不断优化内容、产品与服务，以助力学生的全面发展。" 本报讯 （记者袁传玺）2026年1月29日，好未来教育（纽约证券交易所：TAL，以下简称"好未来"或"公司"）公布其截至 2025年11月30日的2026财年第三季度未经审计财务报告。 第三季度，好未来净收入为7.70亿美元，上年同期净收入为6.06亿美元；归属于好未来的净利润为1.31亿美元，上年同期归 属于好未来的净利润为2306.9万美元。基本和摊薄每ADS净利润分别为0.24美元和0.23美元。截至2025年11月30日，现金、现金 等价物和短期投资合计余额为36.17亿美元。 彭壮壮补充道："公司将继续推进各项战略举措，灵活配置资源，构建竞争优势，为用户及社会创造价值。" ...

Financial Data and Key Metrics Changes - The company's net revenues for Q3 FY 2026 were $770.2 million, representing year-over-year increases of 27.0% in USD and 26.8% in RMB terms [10][14] - Non-GAAP income from operations was $104.0 million, compared to a non-GAAP loss from operations of $1.9 million in the same period last year [17] - Gross profit increased by 35.0% year-over-year to $431.8 million, with gross margin rising to 56.1% from 52.7% [15][16] Business Line Data and Key Metrics Changes - Peiyou Small Class enrichment programs showed stable operations with year-over-year growth driven by increased enrollment [11] - Online enrichment learning programs maintained year-over-year growth, supported by technology-driven enhancements [12] - The learning device business reported year-over-year growth in both revenue and sales volume, with an average weekly active rate of approximately 80% [13] Market Data and Key Metrics Changes - The learning device market is evolving with advancements in hardware, software, and AI technologies, impacting competitive dynamics [7][8] - The company is focusing on enhancing its devices with AI capabilities to provide personalized learning experiences [8][42] Company Strategy and Development Direction - The company aims to integrate technology with educational expertise to enhance product design and service delivery [20] - A disciplined approach to expanding the Peiyou learning center network is being maintained, balancing demand with operational capacity [6][25] - The company is exploring new product formats and enhancing AI functions to support deeper learning [9][20] Management's Comments on Operating Environment and Future Outlook - Management acknowledges potential variability in financial performance due to seasonal demand shifts and competitive pressures [5][21] - The focus remains on long-term sustainable development rather than short-term financial outcomes, with an emphasis on continuous innovation and operational efficiency [21][35] Other Important Information - The company has authorized a new share repurchase program, allowing for up to $600 million in share buybacks over the next 12 months [18] - As of November 30, 2025, the company had $2,146.3 million in cash and cash equivalents [18] Q&A Session Summary Question: Update on offline Peiyou Small Class and revenue growth drivers - Management noted that Peiyou's revenue growth was driven by increased enrollments and a disciplined approach to network expansion [25][27] Question: Reasons for top-line growth slowdown - Management explained that the moderation in growth was due to a deceleration in the learning device business and timing of product launches [32][34] Question: Q3 sales performance of learning devices and competitive landscape - Management reported year-over-year volume growth in learning devices and emphasized the importance of AI in enhancing learning experiences [41][42] Question: Drivers of operating margin performance and outlook - Management highlighted disciplined cost management and lower marketing expenses as key drivers of improved operating margins [49][50]

Financial Data and Key Metrics Changes - The company's net revenues for Q3 FY 2026 were $770.2 million, representing a year-over-year increase of 27.0% in USD and 26.8% in RMB terms [10][14] - Non-GAAP income from operations was $104.0 million, compared to a non-GAAP loss from operations of $1.9 million in the same period last year [17] - Gross profit increased by 35.0% year-over-year to $431.8 million, with gross margin rising to 56.1% from 52.7% [15][16] Business Line Data and Key Metrics Changes - Peiyou Small Class Enrichment Programs showed stable operations with year-over-year revenue growth driven by increased enrollment [11] - Online enrichment learning programs maintained year-over-year growth, supported by technology-driven enhancements [12] - Learning devices reported year-over-year growth in both revenue and sales volume, with an average weekly active rate of approximately 80% [13] Market Data and Key Metrics Changes - The learning device market is evolving, influenced by advancements in hardware, software, and AI technologies [7] - The company is focusing on enhancing its devices with AI-enabled capabilities to improve user learning experiences [8] Company Strategy and Development Direction - The company aims to integrate technology with educational expertise to enhance product design and service delivery [20] - A disciplined approach to expanding the Peiyou Learning Center network is being maintained, balancing demand with operational capacity [6] - The company is exploring new product formats and enhancing AI functions to support personalized learning [9] Management's Comments on Operating Environment and Future Outlook - Management acknowledged potential variability in financial performance due to seasonal demand shifts and competitive pressures [5] - The company remains focused on long-term capabilities and sustainable development rather than short-term financial outcomes [21] Other Important Information - The company has authorized a new share repurchase program of up to $600 million over the next 12 months [18] - As of November 30, 2025, the company had $2,146.3 million in cash and cash equivalents [18] Q&A Session Summary Question: Update on the Learning Center network expansion and Peiyou revenue drivers - Management indicated that Peiyou's revenue growth was driven by increased enrollments and a disciplined approach to network expansion [25][27] Question: Reasons for slowed top-line growth momentum - Management explained that the moderation in growth was due to a deceleration in the learning device business and timing of product launches [32][34] Question: Q3 sales performance of learning devices and competitive landscape - Management reported year-over-year volume growth in learning devices, with a focus on AI integration to enhance learning experiences [41][42] Question: Drivers of operating margin performance and outlook - Management noted that improved operating margins were driven by lower selling and marketing expenses and disciplined cost management [49][50]

TAL Education Group (NYSE:TAL) Q3 2026 Earnings call January 29, 2026 07:00 AM ET Speaker3Ladies and gentlemen, good day and thank you for standing by. Welcome to the TAL Education Group's Fiscal 2026 third quarter earnings conference call. All participants will be in a listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, ...

好未来总裁兼首席财务官彭壮壮表示，本季度，好未来的净收入继续保持稳健增长态势。好未来始终专 注于将技术融入学习体验，并致力于不断优化内容、产品与服务，以助力学生的全面发展。 北京商报讯（记者 吴其芸）1月29日，好未来教育公布2026财年第三季度未经审计财务报告，报告期 内，好未来净收入为7.7亿美元，同比增长27%；经营利润为9312.3万美元；归属于好未来的净利润为 1.31亿美元，同比增长466.1%。 财报显示，2026财年前三季度，好未来净收入为22.07亿美元，同比增长34.5%；归属于好未来的净利润 为2.86亿美元，同比增长211.2%。 ...