Updated from 5:18 p.m. ET for latest share prices, additional information on Opnext and Ista Pharmaceuticals. NEW YORK ( TheStreet) -- Shares of Apollo Group ( APOL) turned lower in late trades on Monday despite the for-profit education company trouncing Wall Street expectations for its fiscal second-quarter results. The Phoenix-based company reported earnings from continuing operations excluding items of $73.8 million, or 58 cents a share, for the three months ended Feb. 29 on revenue of $969.6 million. The average estimate of analysts polled by Thomson Reuters was for a profit of 37 cents a share in the quarter on revenue of $933.3 million. Apollo, which operates the University of Phoenix, said new degreed enrollment was up 1.0% year-over-year, and that total enrollment stood at 355,800 at quarter's end.
The stock was last quoted at $41.50, down 4%, on volume of nearly 600,000, according to Nasdaq.com, and it has ranged as high as $47.06 and as low as $40.81. Based on Monday's regular-session close at $43.20, the shares were down more than 20% so far in 2012. Apollo also forecast operating income excluding items of $625 million to $725 million for fiscal 2012 on revenue ranging from $4.1 billion to $4.3 billion. Check out TheStreet's quote page for Apollo Group for year-to-date share performance, analyst ratings, earnings estimates and much more.