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Apollo Group Inc. Reaffirms FY 2012 Revenue Guidance; Lowers EBIT Guidance
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.
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