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Apollo Group Posts Strong Q3, EPS Beats By $0.17
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Apollo Group Posts Strong Q3, EPS Beats By $0.17
Apollo Group, Inc. (NASDAQ:APOL) reported Q3 EPS of $1.51 today, easily beating the consensus estimate for $1.33 per share. Revenues for the quarter grew 7.6% year-over-year to $1.24 billion, ahead of the consensus estimate for $1.20 billion.Apollo Group Co-Chief Executive Officer and Apollo Global Chairman Greg Cappelli said, "During the third quarter, we continued to execute on our key initiatives to improve outcomes, enhance student protections, and elevate the educational experience throughout every touch point of the student lifecycle. We are encouraged by the progress we are making in improving retention rates and continuing to shift the mix of our students toward higher degree level programs."Apollo is trading up 4.08% to $45.46 per share in after-hours trading.Apollo Group is currently above its 50-day moving average (MA) of $41.78 and above its 200-day of $41.47.
Video Length: 0
Date Found: June 30, 2011
Date Produced: June 30, 2011
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