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Sector Snap: For-profit education

Source: Posted By: Faye C...4593 days ago

Apollo Group Inc.'s strong third-quarter results and student enrollments outlook helped boost shares of other for-profit education providers Tuesday.

Total student enrollments at the company, which operates the University of Phoenix and other institutions, grew 22 percent to 420,700 in the three months ended May 31, while new enrollments were up 23 percent to 87,500, beating expectations, Deutsche Bank analyst Paul Ginocchio said in a note to investors.

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