Apollo Climbs After Earnings Beat Analysts’ Estimates
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Apollo Group Inc., operator of the University of Phoenix and the biggest U.S. for-profit college, rose 6.4 percent on the Nasdaq Stock Market after quarterly earnings and revenue beat analysts’ estimates.
Apollo gained $2.78 to $46.46 at 4 p.m. New York time. Profit excluding one-time items for the three months ended May 31 was $1.45 a share, beating the $1.34 average estimate of 20 analysts surveyed by Bloomberg. Revenue of $1.24 billion was higher than the $1.2 billion average estimate.