Apollo Group Earnings: Here’s Why the Stock is Rising Now
Apollo Group Inc. (NASDAQ:APOL) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 1.86%.
Apollo Group Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 12.5% to $1.05 in the quarter versus EPS of $1.20 in the year-earlier quarter.
Revenue: Decreased 16.27% to $946.8 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Apollo Group Inc. reported adjusted EPS income of $1.05 per share. By that measure, the company beat the mean analyst estimate of $0.85. It missed the average revenue estimate of $965.07 million.
Quoting Management: There was no comment from the management.
Key Stats (on next page)…