Enrollment stats trend lower, but EPS, revenue guidance solid for Apollo

Shares of Apollo Group (APOL) are up 3.2% AH as investors digest the company's Q1 results.

Net revenue falls 22% Y/Y as University of Phoenix degreed enrollment slides 17.7%.

New degreed enrollment slips 22.9% over the same period in 2013.

FY14 outlook: Operating income of $400-450M on net revenue of $3-3.1B. Consensus on the top-line is $3.04B. (PR)

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Comments (1)
  • holdencaulfield729
    , contributor
    Comments (21) | Send Message
    Wow, APOL has cut their revenues from Title IV government loans to 83%! Since they have a big enough buffer to not cross the 90/10 threshold, I guess they'll keep sucking the government/taxpayer teet. This company is just going to float along precariously until the student lending bubble pops. But hey glad Larry Fitzgerald got his degree there, and Dr. Shaq got his PhD there as well. Clearly churning out high-quality labor there
    7 Jan 2014, 08:06 PM Reply Like
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