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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."

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Apollo Group posts solid quarterly earnings originally appeared on BloggingStocks on Wed, 01 Apr 2009 08:30:00 EST. Please see our terms for use of feeds.

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