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What: Shares of University of Phoenix parent Apollo Group
So what: The news hasn't been terribly good for for-profit educators lately as regulators have been bearing down on the industry. While that has largely been a negative, it has also knocked down expectations and given companies like Apollo manageable quarterly hurdles to jump.
For its fiscal fourth quarter -- which ended in August -- Apollo reported adjusted earnings per share of $1.02, which easily cruised past the $0.94 that analysts were estimating. That tally was, however, down from $1.31 in adjusted EPS last year, while total revenue dropped 11% and enrollment slipped 19%.
Now what: Shares of Apollo and other for-profit educators like Corinthian Colleges
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