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Grand Canyon Education: 2Q Earnings Snapshot

PHOENIX (AP) _ Grand Canyon Education Inc. (LOPE) on Tuesday reported second-quarter profit of $51.1 million.

The Phoenix-based company said it had profit of $1.06 per share. Earnings, adjusted for one-time gains and costs, came to $1.09 per share.

The for-profit education company posted revenue of $174.8 million in the period.

For the current quarter ending in October, Grand Canyon Education expects its per-share earnings to be $1.14.

The company said it expects revenue in the range of $191.7 million for the fiscal third quarter.

Grand Canyon Education expects full-year earnings to be $5.38 per share, with revenue expected to be $777.7 million.

Grand Canyon Education shares have climbed 25% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $120.08, an increase of 2% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LOPE at https://www.zacks.com/ap/LOPE