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Grand Canyon Education: 3Q Earnings Snapshot

PHOENIX (AP) _ Grand Canyon Education Inc. (LOPE) on Wednesday reported third-quarter profit of $58.2 million.

On a per-share basis, the Phoenix-based company said it had net income of $1.20. Earnings, adjusted for one-time gains and costs, came to $1.24 per share.

The for-profit education company posted revenue of $193.3 million in the period.

For the current quarter ending in December, Grand Canyon Education expects its per-share earnings to be $1.54.

The company said it expects revenue in the range of $213.9 million for the fiscal fourth quarter.

Grand Canyon Education expects full-year earnings to be $5.49 per share, with revenue expected to be $779.3 million.

Grand Canyon Education shares have declined slightly more than 4% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $91.88, a drop of 27% in the last 12 months.

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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