Apollo Group Inc. (NASDAQ:APOL) reported its results for the first quarter. Net income for Apollo Group Inc. fell to $149.3 million ($1.14 per share) vs. $236 million ($1.61 per share) a year earlier. This is a decline of 37% from the year earlier quarter. Revenue  fell 11.1% to $1.18 billion from the year earlier quarter. APOL reported adjusted net income of $1.28 per share. By that measure, the company beat the mean estimate of $1.18 per share. Analysts were expecting revenue of $1.16 billion.

“Our strategic initiatives to further enhance the student experience and provide world-class student protections remain our focus,” said Apollo Group Co-Chief Executive Officer and Apollo Global Chairman Greg Cappelli. “We are also pleased to report positive new enrollment growth during the first quarter and improving trends in admissions advisor effectiveness, while reaching students who we believe can be successful in our degree programs.”

Competitors to Watch: Career Education Corp. (NASDAQ:CECO), DeVry Inc. (NYSE:DV), Corinthian Colleges, Inc. (NASDAQ:COCO), Strayer Education, Inc. (NASDAQ:STRA), Grand Canyon Education Inc (NASDAQ:LOPE), American Public Education, Inc. (NASDAQ:APEI), ITT Educational Services, Inc. (NYSE:ESI), National American Univ. Hldgs., Inc. (NASDAQ:NAUH), Bridgepoint Education, Inc. (NYSE:BPI), and Education Management Corp (NASDAQ:EDMC).

National American University Holdings Inc (NASDAQ:NAUH) reported its results for the second quarter. Net income for National American University Holdings Inc fell to $1.9 million (7 cents per share) vs. $2.7 million (10 cents per share) a year earlier. This is a decline of 30.8% from the year earlier quarter. Revenue rose 9.4% to $30.4 million from the year earlier quarter. NAUH fell in line with the mean analyst estimate of 7 cents per share. Analysts were expecting revenue of $30.4 million.

Ronald L. Shape, Ed.D., Chief Executive Officer of the Company, commented, “As a result of continued investment in NAU’s geographic expansion and programmatic development, we achieved double-digit growth in NAU’s enrollment to a record 10,898 students during the fiscal 2012 second quarter. Because of our strategic growth initiatives, SG&A expenses were higher during the period, and we expect these expenses will continue to be high through the third and fourth quarters of this fiscal year.”

Competitors to Watch: Apollo Group, Inc. (NASDAQ:APOL), Corinthian Colleges, Inc. (NASDAQ:COCO), DeVry Inc. (NYSE:DV), Grand Canyon Education Inc (NASDAQ:LOPE), Career Education Corp. (NASDAQ:CECO), American Public Education, Inc. (NASDAQ:APEI), Education Management Corp (NASDAQ:EDMC), Bridgepoint Education, Inc. (NYSE:BPI), Strayer Education, Inc. (NASDAQ:STRA), and Lincoln Educational Services Corp. (NASDAQ:LINC).

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