Apollo (APOL) Sees Roller Coaster Ride as Investors Weigh EPS 'Beat' Versus Sinking Enrollment
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Price: $21.33 -0.09%
Revenue Growth %: -13.9%
Financial Fact:
Basic weighted average shares outstanding: 112.57M
Today's EPS Names:
RAVN, CAMT, HAST, More
Revenue Growth %: -13.9%
Financial Fact:
Basic weighted average shares outstanding: 112.57M
Today's EPS Names:
RAVN, CAMT, HAST, More
Trade APOL Now!
After an initial knee-jerk higher, shares of Apollo Group (NASDAQ: APOL) declined in after-hours trading on Tuesday after the company reported Q1 results. While EPS topped estimates, 2013 guidance fell short of Wall Street expectations. Apollo also reported a year-over-year drop in enrollment.
Apollo reported Q1 EPS of $1.22, $0.32 better than the analyst estimate of $0.90. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $1.03 billion. In 2012, Apollo reported comparable revenue of $1.2 billion.
In Q1 University of Phoenix Degreed Enrollment was 319,700, a 14.3 percent decrease from the prior year first quarter, and New Degreed Enrollment was 54,100, a 15.1 percent decrease from the prior year first quarter.
In 2013 Apollo expects net revenue of $3.65 to $3.75 billion. This falls short of Walls Street estimates calling for revenue of $3.77 billion.
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Apollo reported Q1 EPS of $1.22, $0.32 better than the analyst estimate of $0.90. Revenue for the quarter came in at $1.06 billion versus the consensus estimate of $1.03 billion. In 2012, Apollo reported comparable revenue of $1.2 billion.
In Q1 University of Phoenix Degreed Enrollment was 319,700, a 14.3 percent decrease from the prior year first quarter, and New Degreed Enrollment was 54,100, a 15.1 percent decrease from the prior year first quarter.
In 2013 Apollo expects net revenue of $3.65 to $3.75 billion. This falls short of Walls Street estimates calling for revenue of $3.77 billion.
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