Apollo Group Sinking After Weak Guidance (APOL)
Symbols: APOL
Apollo Group (NASDAQ: APOL) has lost 6.69% today and is currently trading at $57.40. The private education company issued disappointing guidance today for its fiscal second quarter. Apollo (APOL) said it expects to earn between $0.79 to $0.84 per share on revenue of approximately $1.07 billion. Current consensus estimates are that the company would earn EPS of $0.93 on revenues of $1.09 billion.
During the current session, 9.27 million shares have exchanged hands versus a daily average of only 3.52 million. Apollo operates The University of Phoenix, Western International University, Institute for Professional Development, The College for Financial Planning Institutes Corporation, and Meritus University.
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