Oct 21- Apollo Education Group Inc said it expects new student enrollments at its flagship University of Phoenix to decline at a smaller rate in the coming year, offering hope that the worst is over for the beleagured U.S. for-profit education industry. Apollo's shares rose as much as 6 percent to their highest in over a month after the company said sign-ups at the...
Oct 21- Apollo Education Group Inc reported a 15 percent fall in quarterly revenue as it enrolled fewer students and warned revenue this quarter would be far lower than expected. Apollo forecast revenue of $720 million- $730 million for the first quarter ending Nov. 30, below the average forecast from analysts of $763.7 million, according to Thomson Reuters...
PHOENIX _ Apollo Education Group Inc. on Tuesday reported fiscal fourth-quarter net income of $29.8 million. Analysts expected $724 million, according to Zacks. For the current quarter ending in November, Apollo Education said it expects revenue in the range of $720 million to $730 million.
Oct 21- U.S. for-profit education provider Apollo Education Group Inc reported a 15 percent fall in quarterly revenue as it enrolled fewer students. Revenue fell to $709.7 million in the quarter ended Aug. 31 from $836.4 million a year earlier. New degreed enrollment at the University of Phoenix, Apollo's flagship school, fell 5.9 percent to 38,600 students.
*Q2 new enrollments fall 8.1 pct vs forecast of 10-15 pct. Oct 17- ITT Educational Services Inc said an increase in scholarships helped it sign up more students than previously forecast in the quarter ended June, offering some relief to the struggling U.S. for-profit education sector. Shares of other for-profit education providers, including Corinthian...
The for-profit college industry, which includes schools such as the University of Phoenix, run by the Apollo Education Group Inc, has come under scrutiny from the Obama administration and Democrats in Congress for the amount of debt accrued by its students, the majority of whom receive financial aid from the federal government. The Association of Private...
July 4- Corinthian Colleges Inc said late on Thursday that it had reached a deal with the U.S. Department of Education to sell most of its 107 campuses and wind down others, underscoring some of the struggles facing for-profit colleges across the country. Last month the company said it was receiving $16 million in federal aid from the Department of Education.
June 25- For-profit education provider Apollo Education Group reported a better-than-expected quarterly profit as new enrollments saw its smallest decline in a year, sending its shares up as much as 4 percent.
June 25- For-profit education provider Apollo Education Group reported a 17 percent drop in quarterly profit as new enrollments fell sharply in its flagship University of Phoenix. Apollo Education said new enrollments at the university fell nearly 13 percent to 33,900..
June 25- University of Phoenix owner Apollo Education Group reported a 17 percent drop in quarterly profit as new enrollments fell sharply. Net income attributable to Apollo fell to $66 million, or 59 cents per share in the third quarter ended May 31, from $80 million, or 71 cents per share, a year earlier. 1/ 8 ID: nBw6sFMbba 3/ 8.
June 23- Corinthian Colleges Inc said it would receive $16 million in federal aid from the U.S. Department of Education that would prevent the for-profit education provider from a cash shortfall.
*Department of Education raises financial oversight. June 19- For-profit education provider Corinthian Colleges Inc said Its ability to continue as a going concern was in jeopardy after the U.S. Department of Education extended the waiting period to draw down federal student aid funds.
*Board hires Barclays to explore strategic options. May 6- Corinthian Colleges Inc said it has breached debt covenants due to $76.5 million in charges, and said it had hired Barclays Plc to explore strategic options.
Stocks finished in positive territory for the fourth-consecutive session Wednesday, with the S&P 500 touching a fresh high, as investors digested a batch of economic reports.
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Check out which companies are making headlines after the bell Tuesday: Apollo, Wells Fargo, GM & more
Stocks held modest gains across the board Tuesday after the S&P 500 briefly shot to a fresh intraday record, as investors digested the latest batch of economic reports.
U.S. stock index futures pointed to a higher open Tuesday, looking to add to gains from the previous session, with the Institute for Supply Management (ISM) manufacturing survey for March in focus.
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