- Apollo Education Group (NASDAQ:APOL) is up 2.2% after hours following a fiscal Q3 report where it beat on top and bottom lines after pursuing cost cuts.
- Revenue slipped 18% but beat analyst expectations, and income from continuing operations fell to $20.7M from a year-ago $50.3M.
- Adjusted EBITDA fell to $90.7M from a year-ago $132.2M but beat an expected $77.2M.
- University of Phoenix New Degreed Enrollment was 17,900 and Degreed Enrollment 155,600, vs. a year-ago 29,400 and 206,900.
- The company's not holding a conference call or providing guidance due to the pending takeover by a consortium including Apollo Global (APO), Vistria Group and Najafi Cos. At $9.24 after hours, share price is getting closer to the $10 acquisition price.
- Press Release