TheNewsRoom | Earnings Losers Roundup: APOL, ILMN, GMR, SPW

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Earnings Losers Roundup: APOL, ILMN, GMR, SPW

October 28, 2009

Apollo Group (APOL) reported strong results for the quarter, with revenue up over 29% year over year, and earnings coming in at 59 cents per share, or a dollar 6 excluding special items. But earnings were overshadowed by an announcement that the Enforcement Division of the Securities and Exchange Commission launched an informal inquiry into the Company's revenue recognition practices.