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Apollo Group Pops on Q3 Earnings Results
Thursday, June 30, 2011 - 3:23pm | 221Shares of Apollo Group, Inc. (NASDAQ: APOL) are popping in the after-hours following the release of its Q3 earnings results. Currently, shares are higher by 5.11%, trading at $45.91; they ended the regular session higher by 1.53%, at $43.68. Apollo Group, Inc. reported Q3 EPS of $1.45 on revenues...
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Apollo Group Soaring On Earnings Beat
Thursday, June 30, 2011 - 3:12pm | 267Apollo Group, Inc. (NASDAQ: APOL) shares are soaring in after-hours trading, after the company reported better than expected earnings. The company reported third quarter earnings of $1.45 per share on $1.24 billion in revenues. Wall Street had been expecting earnings of $1.33 per share on $1.2...
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Can For-Profit Colleges Teach Your Portfolio a Thing or Two?
Thursday, June 30, 2011 - 3:07pm | 358Ten thousand late-night TV commercials can't possibly be wrong, can they? You can hardly get through a night of drinking scotch and watching Roseanne reruns without stumbling across two or three dozen commercials for one of the many for-profit post-secondary schools. While education experts...
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PAA Research Comments on Corinthian Colleges
Thursday, June 30, 2011 - 1:39pm | 105PAA Research provided color on Corinthian Colleges (NASDAQ: COCO) and its private loan facility with ASFG in a research report published today. In the report, PAA Research states, "We are lowering our FY12 EPS estimates to reflect the loss of interest income going forward as AFGC funded loans...
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Earnings Preview: Apollo Group
Thursday, June 30, 2011 - 12:55pm | 148Apollo Group, Inc. (NASDAQ: APOL) is set to report earnings tonight, and Wall Street will be looking to hear how enrollment at the for-profit education company is going. At last check, shares of Apollo Group were up 96 cents to $43.98, a gain of 2.23% so far during the trading session. Earnings...
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Put BridgePoint (BPI) on Your Short Squeeze Radar – Shorts Are 50% of Float
Thursday, June 30, 2011 - 12:22pm | 266After the close, Apollo Education (APOL) will be reporting earnings. While we do not hold this name, we are positioned long in Bridgepoint Education (BPI). There is a heavy short-interest in the stock, so if Apollo manages to beat estimations and show a decent outlook, shares of BPI could see some...
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Morning Market Losers
Thursday, June 30, 2011 - 8:58am | 108Syntroleum Corporation (NASDAQ: SYNM) dipped 25.76% to $1.47 at 9:55 am. SYNM announced pricing of underwritten public offering of 15,900,000 shares of its common stock. Cell Therapeutics Inc (NASDAQ: CTIC) shares dropped 14.80% to $1.67. CTIC entered into an agreement to sell $30M of shares of...
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News Summary for June 30, 2011
Thursday, June 30, 2011 - 6:59am | 413This is your Benzinga news summary and traders' outlook for Thursday, June 30, 2011, covering headlines from overnight and Thursday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher and the U.S. dollar lower after Greece voted yesterday to cut...
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Corinthian Colleges Announces Program With ASFG to Provide $450 Million in Student Loans
Thursday, June 30, 2011 - 6:50am | 85Corinthian Colleges, Inc. (Nasdaq: COCO) announced today a new private education discount loan program with ASFG, LLC for Corinthian students. ASFG intends to fund approximately $450 million in new student loans over the next two years. Under the ASFG Program, an unaffiliated lender will continue...
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ENGlobal Appoints Interim Chief Financial Officer
Thursday, June 30, 2011 - 5:59am | 135ENGlobal (Nasdaq: ENG) announced today that Mr. John R. Beall has been appointed interim Chief Financial Officer of the Company effective June 29, 2011. Mr. Beall's appointment follows the previously announced resignation of Robert W. Raiford as Chief Financial Officer. Mr. Beall, 48, brings more...
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US Stock Futures Up Ahead Of Jobless Claims, Chicago PMI Data
Thursday, June 30, 2011 - 5:24am | 444US stock futures are higher this morning, as investors are awaiting jobless claims and Chicago PMI data. Futures on the Dow Jones Industrial Average surged 24 points to 12,242.00 and futures on the S&P 500 stock index rose 2.50 points to 1,306.80. Nasdaq 100 futures gained 6.00 points to 2,300....
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Earnings Scheduled For June 30
Thursday, June 30, 2011 - 12:17am | 387Apollo Group Inc (NASDAQ: APOL) is expected to report its Q3 earnings at $1.34 per share on revenue of $1.20 billion. McCormick & Company Incorporated (NYSE: MKC) is projected to post its Q2 EPS at $0.54 on revenue of $855.16 million. Smith & Wesson Holding Corp (NASDAQ: SWHC) is...
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Universal Technical Institute Appoints Kenneth R. Trammell to Its Board of Directors
Tuesday, June 28, 2011 - 3:06pm | 143Universal Technical Institute, Inc. (NYSE: UTI) today announced the appointment of Kenneth R. Trammell to serve on its Board of Directors. Mr. Trammell has served as the Chief Financial Officer of Tenneco Inc. since September 2003, having served as the Vice President and Controller from 1999...
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Puts Purchased on Lincoln Educational Services
Tuesday, June 28, 2011 - 1:45pm | 113Shares of Lincoln Educational Services (NASDAQ: LINC) are higher on the session by 5.02%, currently trading at $16.83. The stock has been moving largely higher over the past five weeks and is currently trading above the 50-day moving average. Options traders are buying puts on the name today. A...
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Tuesday's Put/Call Ratio Leaders
Tuesday, June 28, 2011 - 11:24am | 77Here are today's Put/Call Ratio leaders… 1. Lennar Corp. (NYSE: LEN) 12,357 puts, 316 calls 2. Rovi Corp. (NASDAQ: ROVI) 3,899 puts, 468 calls 3. Pandora Media (NYSE: P) 4,916 puts, 745 calls 4. Ariad Pharmaceuticals (NASDAQ: ARIA) 12,039 puts, 1,929 calls 5. Apollo Group (NASDAQ: APOL) 4,285 puts...