Joke how cheap this stock is. Bigger joke is management stopped buying stock back in the last quarter after buying back over a $billion at twice the current price. When will managements learn ? Pay the cash dividend if you want sticky shareholders.
Apollo Group beats by $0.32, beats on revs; lowers FY13 below consensus (APOL) 20.94 -0.56 : Reports Q1 (Nov) earnings of $1.22 per share, excluding non-recurring items, $0.32 better than the Capital IQ Consensus Estimate of $0.90; revenues fell 10.0% year/year to $1.05 bln vs the $1.03 bln consensus.
University of Phoenix Degreed Enrollment was 319,700, a 14.3% decrease YoY, and New Degreed Enrollment was 54,100, a 15.1% decrease YoY.
Co issues downside guidance for FY13, lowers FY13 revs to $3.65-3.75 bln from $3.65-3.80 bln vs. $3.77 bln Capital IQ Consensus Estimate; co also lowers FY13 adj. operating income guidance to $500-550 mln from $525-575 mln.