Apollo Group (APOL) jumped 4% after the for-profit educator posted better than expected earnings results for the fiscal second quarter.
Apollo posted58 cents of EPS, 20 cents ahead of expectations. Revenue came in at $969.6 million versus expectations for $933.3 million. Overall degreed enrollment at the University of Phoenix fell 12%, but new enrollment rose 1%. The company also reiterated its 2012 guidance.
Apollo’s stock is significantly down over the past month after the company lowered its core earnings and enrollment guidance on Feb. 28, but today’s surprise should give the stock some positive momentum.
Related Articles:Best Small Stocks To Invest In 2014
Best Wall St. Stocks Today:
Tags: ATAI ,Best Small Stocks To Invest In ,Best Small Stocks To Invest In 2014 ,GSIT ,HOTT ,IDCC ,PNRA ,TWIN ,Top Dividend Stocks 2012
No comments:
Post a Comment