Apollo Education Group (APOL) reported third quarter adjusted EPS of $0.53 after the close Monday, which topped the consensus estimate of $0.47. Revenues fell to $681.5 million from $793.6 million a year earlier. Analysts had a consensus revenue estimate of $698.57 million.
The company also lowered its fiscal year 2015 revenue outlook to a range of $2.60 billion to $2.62 billion from its prior outlook of $2.63 billion to $2.68 billion. Analysts expect revenue of $2.63 billion.
Apollo Education Group has gapped open sharply lower Tuesday morning and is now down 2.37 at $13.17 on above average volume. The stock has plummeted to a new low for the year.
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