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Apollo's Earnings Surge - Analyst Blog
Tuesday, January 11, 2011 - 9:15am | 783Apollo Group Inc. (APOL), one of the world's largest private education providers, reported an earnings growth of 10.9% year over year to reach $1.63 in the first quarter of fiscal 2011. The result topped the year-ago earnings of $1.47 per share and also surpassed the Zacks Consensus Estimate of $...
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Stock Market News for Jan 11, 2011 - Market News
Tuesday, January 11, 2011 - 9:08am | 1081Fears of Portugal seeking a bailout package negatively affected the indices on Monday. However, prospects of strong earnings helped markets move back to a better position as they closed just slightly lower. The Dow fell 0.3% and closed at 11,637.45. The S&P 500 was down 0.1% and closed the...
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Piper Jaffray Remains Neutral On Apollo Group Despite Better Than Expected Earnings
Tuesday, January 11, 2011 - 8:29am | 213Despite better-than-expected F1Q EPS, Piper Jaffray looks for continuing pressure on Apollo Group's (NASDAQ: APOL) revenue and earnings comparisons over the balance of F2011, suggesting it is too early to revisit the shares. While a less threatening regulatory environment would serve as a...
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Benzinga's Top Pre-Market NASDAQ Gainers (SHLD, APOL, AIXG, COCO)
Tuesday, January 11, 2011 - 8:14am | 108Sears Holdings Corporation (NASDAQ: SHLD) rose 6.37% to $75.10 in the pre-market session. SHLD projected stronger-than-expected Q4 and full-year adjusted earnings. Apollo Group Inc (NASDAQ: APOL) added 6.09% to $38.13 in pre-market trading. APOL reported better-than-expected Q1 earnings. Aixtron...
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JP Morgan Lowers PT On Strayer Education
Tuesday, January 11, 2011 - 7:51am | 27JP Morgan has lowered the price target on Strayer Education (NASDAQ: STRA) from $200 to $155 and maintains its Overweight rating.
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Oppenheimer Lowers Estimates On Strayer Education Inc. (STRA)
Tuesday, January 11, 2011 - 7:24am | 155Oppenheimer & Co. is lowering its estimates on Strayer Education Inc. (NASDAQ: STRA). It still rates shares at Perform. In a note sent to investors, Oppenheimer writes, "We're lowering our 2011 EPS estimate to $8.80 (-9% y/y) from $11.35 (+18% y/y) after STRA's winter enrollment conference...
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Citi Comments On Apollo Group's Earnings Results
Tuesday, January 11, 2011 - 7:22am | 180Apollo Group's (NASDAQ: APOL) Q1 Rev/EPS of $1.33B/$1.61 were above the Street at $1.26B/$1.40 and CIRA at $1.29B/$1.50, on better than expected persistence, lower bad debt, and cost cutting efforts. Q2 Outlook for another 40%+ Y/Y decline in new starts and still no resolution on gainful employment...
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Citigroup Lowers PT On Apollo Group
Tuesday, January 11, 2011 - 6:50am | 27Citigroup has lowered the price target on Apollo Group Inc. (NASDAQ: APOL) from $48 to $45 and maintains its Hold rating.
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US Stock Futures Signal Higher Start On Wall Street, Alcoa Reports Upbeat Quarterly Earnings
Tuesday, January 11, 2011 - 6:42am | 260US stock futures are higher this morning, after Alcoa Inc (NYSE: AA) reported better-than-expected quarterly earnings. Futures on the Dow Jones Industrial Average gained 37 points to 11,624.00 and S&P 500 futures rose 3.90 points to 1,269.40. Nasdaq 100 futures surged 6.50 points to 2,289.00....
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Piper Jaffray Raises PT On Apollo Group
Tuesday, January 11, 2011 - 6:33am | 28Piper Jaffray has raised the price target on Apollo Group, Inc. (NASDAQ: APOL) from $43 to $45 and maintains its Neutral rating.
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Apollo Group Rising After Earnings (APOL)
Monday, January 10, 2011 - 4:29pm | 120Private education company Apollo Group (NASDAQ: APOL) released its first quarter earnings results on Monday after the closing bell. The company reported income of $236 million or $1.61 per share, versus $240.4 million or $1.54 per share in the year ago period. On an adjusted basis, APOL reported...
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Will Mortgage Rates Go Up?
Monday, January 10, 2011 - 4:21pm | 389In the new year, many analysts work on trying to predict financial trends while current homeowners are wondering: Will mortgage rates go up this year? This great article from msnbc.com – 7 Mortgage Trends to Expect in 2011 – helps shed some light on this question. The article claims that mortgage...
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Apollo Group Reports Fiscal 2011 First Quarter Net Revenue of $1,326.4M
Monday, January 10, 2011 - 4:01pm | 187Apollo Group, Inc. (NASDAQ: APOL) (“Apollo Group,” “Apollo” or the “Company”) today reported financial results for the three months ended November 30, 2010. Consolidated net revenue for the first quarter of fiscal 2011 totaled $1,326.4 million, which represents a 5.4% increase over the first...
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Education Management Falls 18.1% (EDMC, STRA)
Monday, January 10, 2011 - 3:57pm | 169Shares of Education Management Corporation (Nasdaq: EDMC) are trading down 18.1% at $13.61 per share during the Monday afternoon trading session. Along with the shares of other for-profit educators, the share price of Education Management Corporation took a hit after Strayer Education, Inc. (Nasdaq...
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Capella Education Plummets 19.2% (CPLA, STRA)
Monday, January 10, 2011 - 3:51pm | 171Shares of Capella Education Company (Nasdaq: CPLA) are currently down 19.2% at $54.26 per share during Monday afternoon trading. Along with the shares of other for-profit educators, Capella Education Company's share price took a hit after Strayer Education, Inc. (Nasdaq: STRA) reported that its new...