Apollo Education Plunges; Global Payments and Constellation Brands Gain

Mukesh Buch
08 Jan, 2015
New York City

Apollo Education net plummeted 66% on 15% decline in revenues. Constellation Brands profit jumped 5%. Family Dollar net tumbled 47%. Global Payments net edged up 1% but revenues soared 10%.

[R]1:00 PM New York – Apollo Education net plummeted 66% on 15% decline in revenues. Constellation Brands profit jumped 5%. Family Dollar net tumbled 47%. Global Payments net edged up 1% but revenues soared 10%.[/R]

Tollbooth Index jumped 1.3% or 128.10 to 10,008.92.

Earnings Review

Aqua America Inc ((WTR)) gained 1% or 26 cents to $26.85 after the water or wastewater service provider’s Ohio and North Carolina-based subsidiary completed acquisitions of water system assets in both states for $1.76 million and $75,000 respectively.

Apollo Education Group Inc ((APOL)) plunged 13.4% or $4.27 to $27.59 after the educational service provider said net revenues in the first-quarter ending in November declined 15.2% to $719.1 million in the same period a year ago.

Net income in the quarter plummeted 65.8% to $33.8 million or 31 cents a diluted share compared to $98.9 million or 87 cents from the same quarter last year.

Constellation Brands, Inc ((STZ)) climbed 4.9% or $5.09 to $108.14 after the beer, wine and spirit producer reported net sales in the third-quarter ending in November jumped 7.5% to $1.71 billion in the same period a year ago.

Net income in the quarter advanced 5.3% to $222.2 million or $1.01 a diluted share compared to $211 million or 98 cents from the same quarter last year.

Family Dollar Stores, Inc ((FDO)) fell 47 cents to $78.39 after the discount store chain operator said total sales in the first-quarter ending on November 29 increased 2.3% to $2.56 billion in the same period a year ago. Comparable store sales in the quarter decreased 0.4%.

Net income in the quarter tumbled 46.9% to $41.4 million or 36 cents a diluted share compared to $78 million or 68 cents from the same quarter last year.

Global Payments Inc ((GPN)) surged 7.5% or $5.91 to $85.20 after the electronic payment service provider stated revenues in the second-quarter ending in November soared 10% to $697.3 million billion in the same period a year ago.

Net income in the quarter rose 1.2% to $74.8 million or $1.10 a diluted share compared to $73.9 million or $1.02 from the same quarter last year.