Shares of for-profit educators like Apollo Group Inc. (APOL), Strayer Education Inc. (STRA), DeVry Inc. (DV) and ITT Educational Services Inc. (ESI) continue to fall, this time on the weak revenue guidance from Apollo of $4.25 billion, down from analyst estimates of $4.55 billion.
The overall sector has been under pressure for some time, and everyone time a negative catalyst comes about it is hit hard, underscoring the fragility of the for-profit business market at this time.
Apollo was trading at $39.66, down $2.69, or 6.35 percent, as of 1:51 PM EDT. Strayer was at $126.90, falling $6.77, or 5.06 percent. DeVry was trading at $54.23, down $0.70, or 1.27 percent. ITT Educational was at $67.43, down $3.24, or 4.58 percent.
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