Grand Canyon beats Q1 views

Investor's Business Daily

For-profit university Grand Canyon Education (LOPE) earned 56 cents a share, 4 cents over Q1 views and 22% above a year earlier, the 10th consecutive quarter of double-digit growth. Revenue rose 18% to $167.4 mil, beating estimates as enrollment grew 15% to 61,601 and operating income surged 29% to $43.4 mil during the 1st quarter. Shares fell 0.1% to 42.98 in the regular session and rose a fraction to 43.12 in after-hours trading.

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