Apollo Group: Earnings Preview
Apollo Group Inc. (APOL), one of the world's largest private education providers, is scheduled to report its third-quarter financial results after the close of market on June 30, 2011. The current Zacks Consensus Estimate for the quarter is earnings of $1.34 a share. For the quarter under review, revenue is $1,202.0 million, according to the Zacks Consensus Estimate.
Second-Quarter 2011, Summary
Apollo Group's posted earnings of 83 cents per share for the second-quarter of fiscal 2011 declined 1.2% from the prior-period earnings. However, quarterly earnings surpassed the Zacks Consensus Estimate of 69 cents a share. Apollo delivered total revenue of $1,048.6 million during the quarter, down 2.0% from the year-ago quarter attributable to lower enrollments partially offset by selective tuition price increases and better student retention rates. University of Phoenix Degreed Enrolment dropped 11.6% to 405,300 primarily due to a fall of 44.9% in New Degreed Enrollment. Additionally, BPP HoldingsComplete Story »