Apollo Group Trading Over 7% Higher After Quarterly Results Yesterday

Shares of Apollo Group, Inc. APOL popped in the after-hours trading yesterday following the release of its Q3 earnings results. Currently, shares are higher by 7.9%, trading at $46.99; they ended the yesterday's regular session higher by 1.53%, at $43.68. Apollo Group, Inc. reported Q3 EPS of $1.45 on revenues of $1.24 billion. Revenues decreased 7.6% year over year due to lower enrollments at University of Phoenix, partially offset by selective tuition price and other fee changes. Read more here.