Grand Canyon Education: 2Q Earnings Snapshot
Aug. 08, 2018
PHOENIX (AP) _ Grand Canyon Education Inc. (LOPE) on Wednesday reported second-quarter earnings of $46 million.
On a per-share basis, the Phoenix-based company said it had profit of 95 cents.
The for-profit education company posted revenue of $236.8 million in the period.
For the current quarter ending in October, Grand Canyon Education said it expects revenue in the range of $153 million.
The company expects full-year earnings to be $4.86 per share, with revenue expected to be $840.5 million.
Grand Canyon Education shares have risen 32 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $118.31, a climb of 47 percent in the last 12 months.