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Apollo Education Group, Inc. Message Board

  • ron.wallach ron.wallach Oct 26, 2012 6:18 PM Flag

    What: Shares of for-profit educator DeVry (NYSE: DV ) surged 22% today after its quarterly results easily topped Wall Street expectations.

     

    What: Shares of for-profit educator DeVry (NYSE: DV ) surged 22% today after its quarterly results easily topped Wall Street expectations.

    So what: For-profit educators have been pummeled by new rules and increased regulatory scrutiny, but DeVry's market-thumping results -- first-quarter EPS of $0.49 versus the consensus estimate of just $0.30 -- are triggering some much-needed optimism for the space. While DeVry's new student sign-ups dropped another 9%, it was much better than the 17% decline suffered in the previous quarter, suggesting that the trend in enrollment is beginning to turn.

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