Apollo Group Ticks Higher on Q1 Results

Shares of Apollo Group

are trading higher in the after-hours following the release of the company's Q1 earnings results. Currently, shares are higher by 1.17%, trading at $54.35; they ended the regular session lower by 0.72%, at $53.72. Apollo Group reported Q1 EPS of $1.28 on revenues of $1.18 billion. Revenues decreased 11% year over year. "Our strategic initiatives to further enhance the student experience and provide world-class student protections remain our focus," said Apollo Group Co-Chief Executive Officer and Apollo Global Chairman Greg Cappelli. "We are also pleased to report positive new enrollment growth during the first quarter and improving trends in admissions advisor effectiveness, while reaching students who we believe can be successful in our degree programs." The company sees FY2012 revenues in the range of $4.1-4.3 billion. Apollo Group, Inc. is a private education provider. The company offers educational programs and services both online and on-campus at the undergraduate, master's and doctoral levels through its wholly owned subsidiaries.