APOL’s Shares Plunge Despite Strong Results – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/18728/APOL%27s+Shares+Plunge+Despite+Strong+Results+-+Zacks+Tale+of+the+TapePosted on Wednesday, April 1st, 2009 | In Stocks to Watch
Contributed by: Zacks Market Commentaries (http://www.zacks.com/) -
Apollo Group Inc. (APOL) reported better-than-expected second quarter results on the back of higher enrollment revenue.
The Phoenix-based company’s earnings per share for the quarter stood at 77 cents, 13 cents ahead of the consensus estimate. The quarter experienced a 26% rise in sales, which amounted to $876.1 million.
Despite the quarter’s results, shares of the company are down more than 15% today.
APOL is Zacks #3 Rank (”Hold”) stock.
“APOL” Free Stock Analysis: Buy? Sell? Hold?
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