$APOL: Apollo Group Inc., an education provider, announced Monday that its fiscal 3rd quarter profit soared more than 45 percent to $201.1 million as sales rose nearly 26 percent.
Apollo Group through its subsidiaries, The University of Phoenix, Inc., Institute for Professional Development, The College for Financial Planning Institutes Corporation, Western International University, Inc., Insight Schools, Inc., Apollo Global, Inc., and Meritus University, etc provide various educational programs. It provides associates, bachelors, masters and doctoral degree programs in arts, science, business and management, criminal justice, education, human services, health care, technology, and communications at campus and learning centers in 40 states and the District of Columbia, Puerto Rico, Canada, Mexico, and the Netherlands, as well as through on-line educational delivery system.
The Company surpassed analyst earnings estimate four out of last four quarters by 11.9% in August 2008, 14.3% in November 2008, 18.5% in February 2009, 12.5% in May 2009.
For quarter ended May 31, 2009 Apollo Group reported net income of $201.1 million, or $1.26 a share, compared with $139.1 million, or $0.85 a share, a year ago. Analysts on average were expecting $1.12 a share, on revenue of $1.04 billion.
Shares of Apollo is up more than 10% as of 9:37 AM today.
