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More on Apollo Group (APOL): Revenue for customers seeking a degree fell off 12.2% Y/y, with...

More on Apollo Group (APOL): Revenue for customers seeking a degree fell off 12.2% Y/y, with aspiring Masters degree students showing the sharpest fall in demand. Closely-watched marketing costs rose 5.7% Y/Y to $180.3M. Expects net revenue of $3.65B-$3.80B in FY13 and operating income of $525M-$575M. Plans to close 115 University of Phoenix locations and cut 800 employees. Shares -9.6% AH. (PR)
Comments (1)
  • spald_fr
    , contributor
    Comments (2711) | Send Message
     
    [ Plans to close 115 University of Phoenix locations and cut 800 employees.]

     

    Well, I guess the Phoenix has to go down in flames before she rises anew.
    16 Oct 2012, 04:17 PM Reply Like
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