Over the three months to May, the company earned 76 cents a share, a dime higher than what analysts surveyed by Thomson Reuters forecast. Revenue of $799.92 million exceeded estimates of $794.43 million.
By market close, shares had climbed 6.2% to $31.08.
Must read: Warren Buffett's 25 Favorite Stocks
Separately, TheStreet Ratings team rates APOLLO EDUCATION GROUP INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate APOLLO EDUCATION GROUP INC (APOL) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its solid stock price performance, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall."
- You can view the full analysis from the report here: APOL Ratings Report