Apollo Group (NASDAQ:APOL) recently announced Q3 results that continued to outshine market expectations. Q3 revenues crossed the billion-dollar mark for the first time to come in at $1.05 billion and represented growth of 26% over the year. EPS of $1.26 grew a significant 48% over the $0.85 earned a year ago. The market was expecting
The educational program provider Apollo Group (NASDAQ:APOL), which owns the for-profit University of Phoenix, has been exceeding market expectations on a regular basis even in these depressed conditions, a testament to the company’s good execution capabilities and perhaps the popularity of going back to school as layoffs continue.
The Apollo Group, Inc. (APOL), provides educational programs through its subsidiaries the University of Phoenix, Institute for Professional Development, the College for Financial Planning Institutes, Western International University, and Insight Schools. I previously discussed Apollo under potential LBOs, and later on in the context of Educate’s buyout. Apollo, however, is still public. Apollo announced Q4
I had speculated in For Profit Education – More LBOs Coming that Educate (EEEE) and Apollo (APOL) were next up, at the heels of Laureate’s (LAUR) acquisition by KKR and associates. I had missed the announcement that Educate’s management has already arranged such a deal to take the owners of Sylvan tutoring services private. Tutoring
Marketwatch reports: The board of Laureate Education (LAUR), a for-profit provider of higher education, has agreed to a $3.1 billion buyout led by founder and Chief Executive Douglas L. Becker and backed by a private equity consortium including Kohlberg Kravis Roberts & Co., Citigroup Private Equity and hedge fund S.A.C. Capital Management LLC. Under the