Apollo Group Inc. (NASDAQ: APOL) is seeing shares surge in after-hours after the company posted better than expected earnings. The for-profit and online education company earned $139.1 million after an 11% enrollment increase.
On an earnings per share, it posted $0.85 EPS on $835.2 million in revenues. First Call had estimates pegged at $0.78 EPS on $806.9 million in revenues.
The owner of the University of Phoenix Online also noted that enrollment increases have increased its deferred revenues, as of May 31, 2008, to $206 million from $167.3 million at August 31, 2007 and an increase from $150.0 million at May 31, 2007.
Shares closed up over 4.5% at $46.26 in normal trading hours today. But we are now seeing a 14% rise to $52.95 in after-hours trading. Its 52-week trading range is $37.92 to $81.68.
Jon C. Ogg
July 1, 2008
Travel Cards Are Getting Too Good To Ignore
Credit card companies are pulling out all the stops, with the issuers are offering insane travel rewards and perks.
We’re talking huge sign-up bonuses, points on every purchase, and benefits like lounge access, travel credits, and free hotel nights. For travelers, these rewards can add up to thousands of dollars in flights, upgrades, and luxury experiences every year.
It’s like getting paid to travel — and it’s available to qualified borrowers who know where to look.
We’ve rounded up some of the best travel credit cards on the market. Click here to see the list. Don’t miss these offers — they won’t be this good forever.
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