Why Apollo Education (APOL) Stock Spiked Today

NEW YORK (TheStreet) -- Apollo Education Group (APOL) stock spiked on Wednesday after beating top- and bottom-line estimates in its third quarter. 

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

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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."

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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