Apple’s New Mapping Acquisition and 2 Hot Stocks to Watch

Apollo Group (NASDAQ:APOL): On Monday, the company reported that its fiscal second-quarter net income saw a 79 percent decline, as it was hurt by a drop in enrollment, but the results beat Wall Street predictions, causing Apollo shares to see 7 percent rise in premarket trading. For the quarter that ended on February 28, the University of Phoenix parent company earned $13.5 million, or 12 cents per share, which dropped from $63.9 million, or 51 cents per share, in the same quarter last year. Excluding restructuring charges and other one-time items, the company stated that its adjusted profit was 34 cents per share. Also, revenue saw a 13 percent decline to $838.4 million, from $962.7 million during the previous year’s period. Analysts, on average, predicted to see profit of 19 cents per share, on $824.9 million in revenue, according to FactSet.

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