- Apollo Education (NASDAQ:APOL) trades lower in early action after revealing a weakening enrollment trend.
- New student enrollment fell 16.5% Y/Y to 32.5K students while total enrollment is off 17%.
- During the firm's conference call, CEO Gregory Cappelli disclosed more information about the government subpoena the company received. The exec noted Apollo is being asked for details on UOP's operations in the northeast part of the U.S. (CC transcript).
- APOL -3.2% premarket
- Previous: Earnings, downgrade