Apollo Education Group Inc Q4 Income Declines 51%

(RTTNews) - Apollo Education Group Inc (APOL) released earnings for fourth quarter that retreated from last year.

The company said its earnings dropped to $18.73 million, or $0.17 per share. This was lower than $38.15 million, or $0.34 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.18 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 13.8% to $600.29 million. This was down from $696.07 million last year.

Apollo Education Group Inc earnings at a glance:

-Earnings (Q4): $18.73 Mln. vs. $38.15 Mln. last year. -Earnings Decline (Y-o-Y): -50.9% -EPS (Q4): $0.17 vs. $0.34 last year. -EPS Decline (Y-o-Y): -50.0% -Analysts Estimate: $0.18 -Revenue (Q4): $600.29 Mln vs. $696.07 Mln last year. -Revenue Change (Y-o-Y): -13.8%

-Guidance: Full year revenue guidance: $2.18 - $2.23 Bln