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

|About: Apollo Education Group, Inc. (APOL)|By:, SA News Editor

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)