NEW YORK, June 5, 2002 (PRIMEZONE) -- StockDiagnostics.com announces that Apollo Group, Inc. (Nasdaq:APOL) sets OPS (Operational-cashflow Per Share) records for its second-quarter and twelve-months ended February 28, 2002. OPS increased 38% for the three months and 22% for 12-months ended February 28, 2002 over the comparable periods ended February 28, 2001.
Apollo Group's OPS performance is extremely rare. StockDiagnostics.com cites Apollo Group as being one of only sixty-nine public companies out of 7,342 with record OPS in their most recent quarter and trailing 12-months, while also recording positive OPS for at least their last 20 consecutive quarters.
To view four-quarter, 20-quarter, and five-year OPS charts on Apollo Group and over 7,300 public companies, go to: http://www.stockdiagnostics.com
For the second-quarter ended February 28, 2002, Apollo Group's computed OPS was 0.24, an increase of 38% over its OPS of $0.17 for its second-quarter ended February 28, 2001. In the trailing 12-months ended February 28, 2002, Apollo Group's OPS increased 22% to $1.03 as compared to its OPS of $0.84 for the comparable trailing 12-months ended February 28, 2001.
What is OPS?
OPS(TM) stands for "Operational-cashflow Per Share". It is derived from the line item "Cash Flow from Operations" which appears in a company's quarterly and annual Cash Flow Statements filed with the Securities & Exchange Commission. "OPS" is calculated by dividing a company's Cash Flow from Operations by the total number of shares outstanding. After conducting in-depth research on Operational-cashflow Per Share, StockDiagnostics.com determined that OPS can be used to measure the quality of a company's EPS and for monitoring its overall financial health. Cash Flow from Operations is a company's financial lifeblood and a sudden decrease in it can drain this lifeblood, causing an increase in debt, share dilution, share price erosion, and in the more extreme cases, bankruptcy. For more information on OPS go to: http://www.stockdiagnostics.com/member/ops.htm
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StockDiagnostics.com has designed and built a proprietary data refinery that automates the process of collecting, sorting, and organizing large amounts of securities pricing and financial data into comparative financial ratios. These ratios are used to identify Financial Statement and securities pricing variances or anomalies and to monitor changes in the performance of public companies.
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OPS, OPS Ratings, and The EPS Syndrome are all Trademarks (TM) of StockDiagnostics.com.