Apollo Group Reports Q2 EPS of $0.83 vs. $0.69; Revenues $1.05B vs. $1.03B

Apollo Group, Inc.

today reported financial results for the three months ended February 28, 2011. Consolidated net revenue for the second quarter of fiscal 2011 totaled $1,048.6 million, which represents a 2.0% decrease from the second quarter of fiscal 2010. The Company reported a loss from continuing operations attributable to Apollo Group for the three months ended February 28, 2011, of $66.6 million, or $0.47 per share (142.4 million diluted weighted average shares outstanding), compared to income from continuing operations attributable to Apollo Group of $103.2 million, or $0.67 per share (155.2 million diluted weighted average shares outstanding) for the three months ended February 28, 2010. Excluding the special items, income from continuing operations attributable to Apollo Group for the three months ended February 28, 2011, was $118.2 million, or $0.83 per share (142.7 million diluted weighted average shares outstanding), compared to income from continuing operations attributable to Apollo Group of $130.1 million, or $0.84 per share for the three months ended February 28, 2010.