Get Stock Quote Here Apollo Education Group, Inc. (APOL) is an S&P 400 corporation based in the South Phoenix area of Phoenix, Arizona. Apollo Group, Inc., through its subsidiaries, owns several for-profit educational institutions. The company owns and operates four higher-learning institutions: the University of Phoenix, Western International University, Axia College, and the College for Financial Planning. As of November 2013, the combined enrollment of all the universities was approximately 269,000 students. Of these, nearly 90% attend the University of Phoenix, which Apollo describes as "the nation's largest regionally accredited private university". Additionally, Apollo Education Group, Inc. is the owner of BPP Holdings in the United Kingdom. It formed a joint venture with Carlyle Group, called Apollo Global, to make international acquisitions. Apollo also purchased UNIACC college in Santiago, Chile, and ULA college in Mexico.
Apollo Education Group (APOL) Misses Q2 EPS by 21c Apollo Education Group (APOL) reported Q2 EPS of ($0.31), $0.21 worse than the analyst estimate of ($0.10). Revenue for the quarter came in at $465.3 million versus the consensus estimate of $469.08 million. The Company continues to experience headwinds causing further reductions to the operating outlook for the year. Domestically, the primary factors include lower New Degreed Enrollment and fewer than expected continuing students at the University of Phoenix. This is in part attributable to the implementation of components of the university’s transformation plan, including the reduction in the frequency of course start dates, which has impacted the timing of student breaks and reenrollment. In addition, we have reduced the number of associate programs, realigned the campus strategy, focused on a new approach to admissions diagnostics, and discontinued the use of any third-party marketing affiliates. Internationally, the strengthening of the U.S. dollar relative to other currencies is negatively impacting reported revenue. While efforts to reduce expenses remain on track, the latest projections for Revenue, Operating Income and Degreed Enrollment are below the outlook provided on the first quarter earnings call. Due to the pending merger transaction and the challenges in accurately forecasting operating results during the implementation of the transformational plan for the University of Phoenix, the Company is withdrawing the prior guidance issued on the first quarter earnings call on January 11, 2016, and is not providing an updated financial outlook at this time. LINK - http://www.streetinsider.com/Corpor...y+21c,+Withdraws+Prior+Guidance/11481984.html
Reported after close yesterday (10/20/16) Earnings: EPS $0.21 Revenue $492.5M Estimates: EPS -$0.05 Revenue $471.57M Up 3.30% today so far
