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Apollo Group posts solid quarterly earnings

Posted Apr 1st 2009 8:30AM by Mark Fightmaster (RSS feed)
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

Lots of stuff will be made in China, but better stuff will be made in the U.S.

Posted Dec 17th 2008 3:50PM by Joseph Lazzaro (RSS feed)
Filed under: International markets, Forecasts, Industry, China, Politics

China will remain a major low-cost center for manufacturing, but it is egregiously incorrect and irresponsible to say it represents the landscape -- the sweep, if you will -- of the manufacturing horizon, says economist Richard Felson.

"Many low cost products will be made in China, and elsewhere, but better products can and will be made in the United States, if we plant the seeds for those industries today," Felson said.

This decade, which many economists call the U.S.'s 'decade of descent,' has been a lost decade concerning manufacturing. A failure to invest in the nation's manufacturing, technology, and basic research segments "has left the United States grossly underinvested, from physical plant and capital investment standpoints," Felson said. "The U.S. auto sector is probably the best known example of this. It is a manufacturing tragedy."

U.S. can seize the high end

The solution? Invest in industry, basic research, and technology to re-grab the high-end, and beyond, Felson says.

Think next-generation cars, he says. Think even more efficient jet engines and power systems. Think solar technology. Think wind power. Think smart electric grid. Think expanded universities to train the civil, mechanical, and electrical engineers needed to develop the innovative, energy-efficient, and smart systems of tomorrow.

Continue reading Lots of stuff will be made in China, but better stuff will be made in the U.S.

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Last updated: November 12, 2009: 07:50 AM

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Apollo Group posts solid quarterly earnings