Economic News

Apollo Group Chops Ahead of Report

Dow +151.89 at 7673.91, Nasdaq +42.69 at 1544.44, S&P +17.41 at 805.37

[BRIEFING.COM] A dearth of earnings reports are scheduled to be released between this session's close and Wednesday's opening bell. Education provider Apollo Group (APOL 78.34, -0.60) will announce its latest quarterly results after this session concludes; it is the only company with a market cap exceeding $1.0 billion that has confirmed it will report within the next 24 hours.

The current consensus earnings estimate calls for Apollo Group to earn $0.65 per share on $865.5 million in revenue. In addition to earnings and revenue, investors will be paying close attention to the company's student starts and degreed enrollments.

Like the broader market, shares of APOL have been trading in choppy fashion for the entire session. However, while the broader market has climbed to session highs, shares of APOL have surrendered early gains and fallen into the red to trade at fresh session lows.
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