Key Developments: Apollo Education Group Inc (APOL.O)
10 Dec 2013
Latest Key Developments (Source: Significant Developments)
Apollo Group Inc. announced that for fiscal 2012, it expects net revenue to be in the range of $4.1-4.3 billion and operating income, excluding the impact of special items (EBIT) to be in the range of $625-$725 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $4.2 billion and net income of $704 million for fiscal 2012. Full Article
Apollo Group Inc. announced that for fiscal 2012, the Company anticipates consolidated net revenue to be $4.1 to $4.3 billion, consistent with the previously provided outlook and anticipated operating profit (EBIT) range has been revised to $625 to $725 million, excluding the impact of special items, from the previous outlook of $655 to $750 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $4.3 billion and EBIT of $747 million for fiscal 2012. Full Article
Apollo Group Inc. announced that Charles B. “Chas” Edelstein will retire as co-Chief Executive Officer and director of the Company on August 26, 2012. Following his retirement as co-CEO, Mr. Edelstein will serve the Company in a part-time advisory capacity through February 2013. Gregory W. Cappelli will assume all duties and responsibilities as Chief Executive Officer of the Company, upon Mr. Edelstein’s retirement later this year. Full Article
LONDON, Nov 21 - A consortium led by stainless steelmaker Aperam has raised its bid for Italian steel plant Terni that its competitor Outokumpu has to sell, a deal that would reshape the European stainless steel industry.