S&P 500
7,615.20
-0.09%
Dow Jones
51,320.00
-0.10%
Nasdaq 100
30,651.40
-0.21%
Russell 2000
2,928.58
-0.15%
FTSE 100
10,383.00
-0.05%
Nikkei 225
68,424.20
+1.37%

Investing

American Public Education Filing Takes Toll (APEI)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

American Public Education, Inc. (NASDAQ: APEI) filed to sell just over 4.2 million shares of common stock after the close yesterday after earnings and it is taking its toll on shares this morning. 

Affiliates of backer ABS Capital Partners are selling out what appearsto be the entire 23.4% stake in the company.   

The company is a provider of online post-secondaryeducation directed at the needs of the military and public servicecommunities.  It operates American MilitaryUniversity and American Public University.

The company also gave earnings after the close.  Net courseregistrations of approximately 38,900 in the third quarter of 2008, ayear-over-year increase of 54%.  Net income for the third quarter of2008 increased approximately 72% to $3.8 million, or $0.20 per share, compared with $2.2 million,or $0.18 per share, in the sameperiod of 2007.  Its third quarter 2008 revenue increased 56% to $27.4million, compared with $17.6 million in the third quarter of 2007.

Shares are trading down almost 7% at $40.11 on over 200,000 shares this morning.  Its 52-week trading range is $27.56 to $53.24.

JON C. OGG
NOVEMBER 13, 2008

Follow 24/7 Wall St. on Google
Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Douglas A. McIntyre |

Lowe’s Beats, Up In Pre-Market

Lowe’s (LOW) beat Wall St. forecasts and is trading up over 5% in the pre-market. LOW  reported net earnings of…

Douglas A. McIntyre |

Micron: Half Empty or Half Full (MU)

Micron Technology (NYSE:MU) earnings are out for its quarter-end August 30, 2007: For the fourth quarter of fiscal 2007, the…

Douglas A. McIntyre |

Starbucks (SBUX) Has First Quarterly Loss In Its History

The expectations for Starbucks (SBUX) were very low. That probably has not been true since the company went public. But,…

Douglas A. McIntyre |

Adobe Cruises Past Estimates: Are New Stock Highs Coming?

Adobe Systems Inc. (NASDAQ:ADBE) shares are indicated higher in after-hours trading after the company posted earnings.  Adobe posted record revenue…

Douglas A. McIntyre |

Google (GOOG): Low Expectations, Great Achievement

Analysts have been revising down their expectations for Google’s (GOOG) third quarter for weeks. The search company did not have…

Douglas A. McIntyre |

Lindsay Sell-Off Hits Valmont Unusually Hard (LNN, VMI)

Lindsay Corporation (NYSE: LNN) is seeing a severe reaction to its earnings report this morning.  In fact, the fallout is…

Douglas A. McIntyre |

The Future Of Search: Google’s (GOOG) Big Growth Gone

Google is still a growth company but it is no longer one with awe-inspiring year-over-year comparisons. Its revenue may no…

Douglas A. McIntyre |

Bidz.Com.. When Massive Sales Aren’t Enough (BIDZ)

Bidz.com (NASDAQ:BIDZ) is seeing shares battered and tattered in early trading.  At one point shares were down over 20%.  The…

Douglas A. McIntyre |

Vonage Problems Persist, But Still Hanging In There (VG)

Vonage Holdings (NYSE: VG) has posted earnings at -$0.07 EPS on revenues of $215.9 million,  These compare to -$0.76 EPS…

Top Gaining Stocks

Hewlett Packard Enterprise
HPE • Vol: 153,197,465
Enphase Energy
ENPH • Vol: 8,360,053
Corning
GLW • Vol: 18,152,646
Alexandria Real Estate Equities
ARE • Vol: 4,337,015
Aptiv
APTV • Vol: 6,761,325

Top Losing Stocks

Trade Desk
TTD • Vol: 21,905,513
Intuit
INTU • Vol: 7,383,018
Coterra Energy
CTRA • Vol: 73,319,495
Cboe Global Markets
CBOE • Vol: 5,000,011
HP
HPQ • Vol: 29,259,826