Apollo Education Reports Q1 Adj. EPS From Cont. Ops. Of $0.44 - Quick Facts

(RTTNews) - Apollo Education Group, Inc. (APOL) reported that its first-quarter income from continuing operations decreased to $32.47 million from $99.43 million, prior year. Earnings per share from continuing operations attributable to Apollo was $0.31, compared to $0.87. Excluding special items, income from continuing operations attributable to Apollo Education Group for the first quarter 2015 was $47.8 million, or $0.44 per share.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit per share of $0.42 for the quarter. Analysts' estimates typically exclude special items.

Net revenue decreased to $719.05 million from $848.15 million, last year. Analysts expected revenue of $728.01 million for the quarter.

The company expects fiscal 2015 net revenue in the range of $2.74 billion to $2.80 billion; and operating income of $250 million to $290 million, excluding the impact of special items. Analysts expect the company to report 2015 revenue of $2.81 billion.

The company issued outlook for the second quarter of fiscal year 2015. Net revenue is expected to be in the range of $580 million to $595 million; and operating loss is expected to be in the range of $25 million to $35 million, excluding the impact of special items. Analysts expect the company to report second-quarter revenue of $610.51 million.