For-profit education stocks are a group to watch (APOL, CECO, COCO, DV)

Posted in General 
June 30th, 2009

For-profit education stocks are rising in above-average premarket trading volume after Apollo Group (Nasdaq: APOL) beat earnings expectations by 14 cents a share and boosted its stock buyback program, on the back of a stronger-than-expected new student start rate.

The company in a conference call said that the percentage of revenue that comes from federal Title IV student loans continues to trend higher, which may be helping other education stocks.

Shares of Corinthian Colleges Inc. (Nasdaq: COCO) are up more than 4 percent in the premarket. DeVry Inc. (Nasdaq: DV) and Career Education Corp. (Nasdaq: CECO) sharse are up roughly 2% each.

 

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