On Monday, Apollo Education Group Inc (NASDAQ:APOL)’s shares declined -2.82% to $10.67.
Apollo Education Group, Inc. (APOL) stated financial results for the three and nine months ended May 31, 2015, with third quarter revenue of $681.5 million and diluted earnings per share of $0.44, or $0.53 not taking into account special items.
Third Quarter 2015 Results of Operations
Apollo Education Group (the “Company”) stated net revenue for the third quarter 2015 of $681.5 million, contrast to $793.6 million for the third quarter 2014. Third quarter 2015 University of Phoenix New Degreed Enrollment was 29,400 and Degreed Enrollment was 206,900, contrast to New Degreed Enrollment of 33,900 and Degreed Enrollment of 241,900 for the prior year third quarter. Operating income for the third quarter 2015 was $90.7 million, contrast to $116.3 million for the third quarter 2014. Income from ongoing operations attributable to Apollo Education Group for the third quarter 2015 was $48.1 million, or $0.44 per share, contrast to $68.1 million, or $0.61 per share for the prior year third quarter.
Not taking into account special items, operating income was $101.6 million for the third quarter 2015, contrast to $140.3 million for the third quarter 2014, and income from ongoing operations attributable to Apollo Education Group for the third quarter 2015 was $57.5 million, or $0.53 per share, contrast to $86.9 million, or $0.78 per share, for the third quarter 2014. Adjusted Operating Income was $132.2 million for the third quarter 2015 contrast to $178.1 million for the third quarter 2014. (Special items and Adjusted Operating Income for the respective periods are comprised of in the reconciliation of GAAP to non-GAAP financial information tables of this press release.)
Apollo Education Group, Inc. provides private education services. It offers online and on-campus undergraduate, graduate, professional development, and other non-degree educational programs and services primarily to working learners in the United States and internationally. The company operates in University of Phoenix, Apollo Global, and Other segments. It offers various degree programs in advanced studies, business, criminal justice and security, education, health sciences and nursing, humanities and sciences, information systems and technology, and social sciences.
China Ming Yang Wind Power Group Ltd (NYSE:MY)’s shares dropped -12.22% to $1.94.
China Ming Yang Wind Power Group Limited (MY) declared the appointment of Mr. Zhongmin Shen to its board of directors. He is also designated as the vice chairman of the Company. The appointment is with immediate effect.
Mr. Zhongmin Shen has abundant experience in administration and investment both in independent power and clean energy sectors. Preceding to joining us, he served as a managing director of Olympus Capital’s Asia Environment Partners (“Olympus”). Before Olympus, he was a partner of Hudson Clean Energy Partners (“Hudson”), a global private equity fund focusing on clean energy and technologies. Preceding to joining Hudson, Mr. Shen was the chief executive officer of Huaneng Invesco WLR Investment Consulting Company Limited (“Huaneng Invesco WLR”), a joint venture between Huaneng Capital Services and Invesco WLR. Before he joined Huaneng Invesco WLR, he was a managing director of CLP Holdings Limited (“CLP”). Before CLP, he was an executive director and chief operating officer of China Resources Power Holdings Company Limited. Mr. Shen obtained a master of business administration degree from Guanghua School of Administration of Peking University. He also obtained a master’s degree in arts majoring in economics from The University of Tennessee, a master of laws degree from Peking University and a bachelor’s degree in science from Peking University.
China Ming Yang Wind Power Group Limited designs, manufactures, sells, and services megawatt-class wind turbines in the People’s Republic of China. The company provides wind turbines with a rated power capacity of 1.5MW and 2.0MW; 2.5/3.0MW SCD; and 6.0/6.5MW SCD wind turbines. It also manufactures and sells wind turbine blades and components; and leases wind turbines.
At the end of Monday’s trade, Boardwalk Pipeline Partners, LP (NYSE:BWP)‘s shares dipped -4.02% to $12.66.
Loews Corporation is a diversified company with three publicly-traded auxiliaries: CNA Financial Corporation (CNA), Diamond Offshore Drilling, Inc. (DO) and Boardwalk Pipeline Partners, LP (BWP); and one wholly owned partner.
Loews Corporation (NYSE:L) declared recently the declaration of the Company’s quarterly dividend of $0.0625 per share of Common Stock, payable September 14, 2015 to shareholders of record on August 31, 2015.
Boardwalk Pipeline Partners, LP, through its auxiliaries, provides transportation, storage, gathering, and processing services for natural gas and natural gas liquids (NGLs). The company operates interstate natural gas and NGLs pipeline systems, counting integrated storage facilities.
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