Late on Tuesday, Apollo Group Inc. (NASDAQ: APOL) announced that it swung to second quarter net income of $125.3 million, or 77 cents a share, compared to a net loss of $32 million, or 19 cents a share, in the year ago period. Revenue jumped to $876.1 million from $693.6 million. The company registered a 20.4% rise in degree enrollments. Analysts on average had projected earnings of 64 cents a share on revenue of $840.1 million. CEO Chas Edelstein said in a statement "We are pleased with the growth in revenue and enrollments in our second quarter and we believe we are continuing to benefit from investments we are making in key academic and operational areas." Shares of the company fell 5.53% in extended trading.

Borders Group Inc. (NYSE: BGP) reported that its fourth-quarter net income plunged 54% to $28.9 million or $0.48 a share, from $67.3 million, or $1.14 a share, in the prior year quarter. On an adjusted basis, Borders Group registered fourth-quarter income of $63.8 million or $1.05 per share, compared to $74.3 million, or $1.26 a share, in the comparable quarter last year. Revenue dropped 14% to $1.09 billion. Analysts on average were looking for earnings of 95 cents a share. Chief Executive Officer Ron Marshall stated "Our top priority is getting our financial house in order by continuing to reduce expenses, pay down debt and improve cash flow. We are working with vendors and others to enhance cooperation and are pleased to have the continued support of our largest shareholder with the recently announced extension of our financing agreement with Pershing Square. At the same time, we are focused on driving sales through improved execution and by re-engaging with our customers. Borders is a strong brand with millions of loyal customers. I am confident that by shoring up our financial foundation and reclaiming our position as the bookseller for serious readers, we will ultimately secure a viable future." Shares of Borders Group rose 7.94% in late trading.

HB Fuller Co. (NYSE: FUL) said that its first quarter net income tumbled 66% to $6.1 million, or 13 cents a share, from $18.2 million, or 32 cents a share, in the year earlier quarter. On an adjusted basis, the company earned 14 cents a share. Revenue declined to $278.6 million from $322.6 million. Analysts on average had forecast a profit of 14 cents a share on revenue of $285.7 million. President and Chief Executive Officer Michele Volpi commented "All factors considered, we had a respectable first quarter of 2009. While volume was down 15 percent from last year, this result was expected given the difficult end market conditions. On the positive side, raw material costs are coming down, partially restoring our gross margin to an appropriate level.