Apollo Posts Better Than Expected Quarterly Results (APOL)

U.S.’s largest for profit education chain, Apollo Group Inc. (NASDAQ: APOL) reported on Monday that its fiscal third quarter profit dropped sharply owing to lower enrollment. However, company’s shares jumped to an eight month high on Tuesday as its quarterly earnings and revenues surpassed Wall Street expectations. The company also raised its full-year profit guidance.

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Big Mover; Southern Community Financial Corp. (SCMF)

Shares of Southern Community Financial Corp. (NASDAQ: SCMF), holding company for Southern Community Bank and Trust, are soaring in trading today after Capital Bank Financial Corp. raised its takeover offer for the company by 8%. Capital Bank Financial also plans to pay for the acquisition wholly in cash.

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