Apollo Group, Inc. (NASDAQ:APOL) slumped 23.23% to $38 on about 34.49 million shares after it made its fresh one-year low of $36.43. Late Wednesday, the company said its fiscal fourth-quarter profit declined to $41 million or 28 cents a share, from $91.5 million, or 59 cents a share, in the year-ago period.
Revenue rose to $1.26 billion from $1.07 billion last year. Analysts surveyed by FactSet Research estimated a quarterly profit of $1.30 a share on revenue of $1.26 billion
Over the past 52-week, the stock traded within the range of $36.43-$76.86. The average daily volume of the stock is 3.41 million shares.
Corinthian Colleges, Inc. (NASDAQ:COCO) plunged 20.43% to $4.79 on about 20.52 million shares after the for-profit educator, Apollo Group Inc., pulled its yearly outlook because of regulatory concerns facing the industry.
Yesterday, the company announced that its President and Chief Operating Officer, Matt Ouimet, has given notice of his intention to resign from the Company effective October 31, 2010. The Company has no immediate plans to fill the President and Chief Operating Officer position.
Career Education Corp. (NASDAQ:CECO) lost 14.92% to $17.17 on strong volumes after the for-profit educator, Apollo Group Inc., pulled its yearly outlook because of regulatory concerns facing the industry.
Career Education Corporation includes the colleges, schools and universities that are part of its family. CEC offers education to a diverse student population of over 116,000 students worldwide in a range of career-oriented disciplines.
DeVry Inc. (NYSE:DV) declined 16.83% to $42.06 on about 5.32 million shares after Apollo Group Inc. said its fourth-quarter profit fell 55%, sending its stock down 25%
Article published by Wall Street Grand. Visit the Wall Street Grand Club today.
Disclaimer:
For our full disclosure please visit - http://www.wallstreetgrand.com/disclosure.html
