>>> Apollo Group beats by $0.06, misses on revs; guides Q3 revs below consensus;

--> -10% pre -market
watch Pearson (PSON LN), Tribal group (TRB LN), SCHL US, REL LN

Apollo Group beats by $0.06, misses on revs; guides Q3 revs below consensus; lowers FY15 guidance (27.99)
Reports Q2 (Feb) loss of $0.10 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus of ($0.16); revenues rose -14% year/year to $578.6 mln vs the $585.07 mln consensus.
  • Second quarter 2015 University of Phoenix New Degreed Enrollment was 28,300 and Degreed Enrollment was 213,800.
Co issues downside guidance for Q3, sees Q3 revs of $690-705 mln vs. $741.27 mln Capital IQ Consensus; adj. operating income $85-95 mln.

Co issues downside guidance for FY15, lowers FY15 revs to $2.63-2.68 bln from $2.74-2.80 bln vs. $2.73 bln Capital IQ Consensus; adj. operating income to $200-230 mln from $250-290 mln.