More on Apollo Group (APOL): FQ3 blows out EPS estimates despite a weak quarter on the revenue side. Total revenue dropped 8/5% Y/Y, due in large part to a 9.1% decline enrollment at the University of Phoenix. The stock is higher in the post-session however, as the company boosts its FY12 bottom-line guidance, now expecting operating income to come in between $700M - $725M. Street estimates are for $713M. Shares +7.8% AH.