APOL posts
Posted Jun 30th 2009 4:00PM by Jon Ogg
Filed under: After the bell, General Electric (GE), Market matters, Broadcom Corp'A' (BRCM)

This morning's trading was looking solid enough and had enough overseas support with gains in Europe that it seemed as though we were going to have a rock solid end to one of the best performing quarters in years.
The Russell trade and the quarter-end failed to help. A
quiet ISM-prelude from Chicago Purchasing Managers was one thing, but a weak consumer confidence took the wind out of the sails of the bulls. The good news is that shares managed to close off their lows, but it still wasn't an up day. Here were today's unofficial closing bell levels:
Dow 8,448.06 -81.32 (-0.95%)
S&P 500 919.47 -7.76 (-0.84%)
Nasdaq 1,835.04 -9.02 (-0.49%)
Top Analyst UpgradesTop Analyst DowngradesContinue reading Closing Bell: The great day that could have been... (APOL, BRCM, ELX, GE, GERN, VICL)
Posted Jun 30th 2009 9:40AM by Mark Fightmaster
Filed under: Earnings reports
Education firm Apollo Group (NASDAQ: APOL) announced third-quarter earnings after the closing bell sounded yesterday, with earnings coming in better than a year ago thanks to higher enrollment. The company raked in $201.1 million, or $1.26 per share in the latest quarter, far better than $139.1 million, 85 cents per share a year ago. Not only did the company top last year's performance, but it also bested the Street's estimate for earnings of $1.12 per share on revenue of $1.04 billion.
Enrollment at the online college grew 22% on a year-over-year basis to 420,700 in the third quarter. The company's co-CEO Chas Edelstein noted, "We are please to report a record third quarter, driven largely by continuing increases in enrollments and improved student retention at University of Phoenix." The company's selling and promotional expenses increased during the quarter, but they declined as far as a percentage of net revenue.
Continue reading Apollo Group beats the Q3 estimates -- is it poised for a breakout?
Posted Jun 28th 2009 12:30PM by Trey Thoelcke
Filed under: Earnings reports, Forecasts, H and R Block (HRB), General Mills (GIS), Economic data, Federal Reserve
Things will be pretty quiet again on the earnings front during this holiday-shortened week, so not much chance of fireworks there.
The one report analysts surveyed by Thomson Reuters seem to have the highest hopes for is that from Apollo Group Inc. (NASDAQ: APOL), as people look to education to better position themselves to survive the economic slump. For its fiscal third quarter, during which a new co-CEO was named, the Phoenix, Ariz.-based educational services provider is expected to report a profit of $1.12 per share, which is 24.1% higher than a year ago. Revenue is expected to be 24.3% higher to $1.0 billion. The full-year forecast is currently for $3.97 per share (+28.5%) on sales of $3.9 billion (+24.4%). Earnings have topped expectations in the past four quarters, by as much as 13 cents per share. The long-term EPS growth forecast is 15.9%, which is double the industry average, and the forward PE ratio estimate is 15.0. The First Call consensus recommendation remains to buy APOL; InvestorPlace calls it a stock you can trust. At $68.50, shares are down 10.6% since the beginning of the year, but they peeked above the 100-day moving average at the end of this week for the first time since March.
Continue reading The week in preview: A few chances for pre-holiday fireworks
Posted Apr 1st 2009 8:30AM by Mark Fightmaster
Filed under: Earnings reports, Good news

After the close Tuesday, education firm
Apollo Group (NASDAQ:
APOL) reported
stronger-than-expected quarterly earnings. Despite the strong results, the stock dropped in post-market trade, shedding 6% to trade in the $73 region.
APOL's second-quarter earnings came in at 77 cents per share, far better than the loss of 19 cents per share a year ago. Quarterly revenue increased 26% to $876.1 million. The results also easily eclipsed analysts' expectations for earnings of 65 cents per share. APOL CEO Chas Edelstein noted, "we are pleased with the growth in revenue and enrollments in our second quarter and we believe we are continuing to benefit from investments we are making in key academic and operational areas."
Continue reading Apollo Group posts solid quarterly earnings
Posted Feb 21st 2009 3:40PM by Trey Thoelcke
Filed under: Earnings reports, Wal-Mart (WMT), Sprint Nextel Corp (S), Comcast Cl'A' (CMCSA), CVS Corp (CVS), Expedia Inc (EXPE), Hormel Foods (HRL), Teva Pharm Indus ADR (TEVA), Goodyear Tire and Rubber (GT)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Walmart, Comcast, CVS, Sprint, Hormel, Priceline and more
Posted Jan 20th 2009 5:30PM by Jonathan Berr
Filed under: Boeing Co (BA), CIGNA Corp (CI), Northrop Grumman (NOC), Obama Picks
At long last -- to this Democrat's view anyway -- Barack Obama is the president of the United States. Now, it's time to gaze into our crystal ball.
Obama has many things on his plate, including fixing the economy. Lots of people are trying to pick the winners and losers. Here are my guesses. Keep in mind that it may take several years for the impact of Obama's policies to be felt.
Defense:
Lockheed Martin Corp. (NYSE:
LMT),
Boeing Co. (NYSE:
BA),
Northrop Grumman Corp. (NYSE:
NOC) and
Raytheon Co. (NYSE:
RTN) will benefit from the spending needed to replace worn-out military equipment from the wars in Iraq and Afghanistan and Obama's push to improve health care technology. The defense contractors over the past few years have become huge government IT contractors and are experts at systems integration. Each have plunged by double-digits over the past year.
Healthy living: Call me an optimist but I expect the Obama administration to push healthier living and for greater control of health care.
Hain Celestial Group Inc. (NASDAQ:
HAIN), the largest provider of organic food, seems a likely beneficiary. Also, it's hard to see how he is going to be able to digitize health care records without the involvement of health insurers such as
Cigna Corp. (NYSE:
CI). Hain is down 42% over the past 52 weeks, while Cigna has plunged more than 70%.
Continue reading What to invest in now that Obama has taken office
Posted Jan 17th 2009 9:40AM by Trey Thoelcke
Filed under: Earnings reports, Apple Inc (AAPL), Intel (INTC), Citigroup Inc. (C), JPMorgan Chase (JPM), Sony Corp ADR (SNE), Alcoa Inc (AA), Bank of America (BAC), Tiffany and Co (TIF), Genentech Inc (DNA)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Citigroup, Intel, JPMorgan, Alcoa, Apple and others
Posted Jan 13th 2009 3:40PM by Todd Harrison
Filed under: Earnings reports,
This post was written by Minyanville contributor Smita Sadana.
Apollo Group (Nasdaq: APOL) was enjoying a bump in price after reporting earnings that were well above estimates, based in increased enrollments. Of course, one can argue that people would go back to school for skill enhancement in these tough recessionary times.
However, two days after that stunning gain, APOL is off 4.9% to $82.55, on a cautious research note from Citron Research, who argue that "this growth is a one time bump."
While I do not endorse any such research or base my trading primarily on it, I am taking note of the negative reaction on double the average volume.
The stock can certainly come in a little and reduce the distance from its 200-day moving average, which is 38% at the current levels. While not at an extreme, it is unusual in this market to find stocks which are trading so far out.
I'm seeing various levels of support on the APOL chart and they range from $75 to $79.
Posted Jan 11th 2009 2:40PM by Jamie Dlugosch
Filed under: Earnings reports, Stocks to Buy
I don't like to toot my horn much, as there are plenty of loud mouths in this industry ready to tell you how great they are. I prefer to let my work do the talking, and lately that work has been screaming.
I'll make an exception to the rule today. Here goes: Following my suggestions can significantly improve your performance in the market.
Case in point is my list of Top 10 Stocks for 2009. With a week of trading under our belt, the S&P 500 is down approximately 1%. The aggregate return of an equally weighted portfolio consisting of the 10 stocks on the list is nearly 9%.
Included on the list are big gainers Chicago Bridge & Iron (NYSE: CBI), up 25% year to date, and Transocean (NYSE: RIG), up 15% year to date.
Now, a week does not make a year, but keep in mind that as goes January, so goes the rest of the year. I expect these stocks to continue outperforming by a wide margin for the remainder of the year.
Continue reading Online Educator Apollo gonna keep on shining
Posted Jan 5th 2009 10:00AM by Steven Halpern
Filed under: Newsletters, Stocks to Buy, Recession, Best Stocks for 2009
This post is part of a special annual report -- Top Stock Picks '09 -- in which TheStockAdvisors.com asked 75 leading newsletter advisors to select their favorite investment for the new year.
"Apollo Group (NASDAQ: APOL), my top pick for 2009, has been an education provider for over 30 years," says Kevin Kennedy, a specialist in quantitative and momentum analysis.
The editor of The Coolcat Report explains, "The company's revenues and earnings have been steady despite the negative economy."
The advisor continues, "Apollo Group provides academic access and opportunity to more than 350,000 students through its subsidiaries, which include University of Phoenix.
"Other divisions include the Institute for Professional Development, College for Financial Planning, Western International University, Meritus University, Insight Schools and Apollo Global. It also owns Aptimus, a provider of innovative digital media solutions.
"The company's educational programs and services are provided at the high school, undergraduate and graduate levels in 40 states and the District of Columbia; Puerto Rico; Alberta and British Columbia, Canada; Mexico; Chile; and the Netherlands, as well as online throughout the world.
Continue reading Top Stock Picks '09: Apollo Group (APOL)
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