Apollo Group Earnings: Takes a Turn in Wrong Direction
Apollo Group Inc. (NASDAQ:APOL) saw its profit and revenue decline this quarter relative to the same quarter a year ago. Despite topping analyst estimates, the dip was not enough to please shareholders. Shares are down 3.53%.
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Apollo Group Inc. Earnings Cheat Sheet
Results: Net income decreased -10.59% to $133.5 million ($1.18 per diluted share) in the quarter versus a net gain of $149.31 million in the year-earlier quarter.
Revenue: Decreased 6.68% to $1.1 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Apollo Group Inc. reported adjusted net income of $1.18 per share. By that measure, the company beat the mean analyst estimate of $0.9. It beat the average revenue estimate of $1.03 billion.
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