Grand Canyon Education: Q1 Earnings Snapshot
PHOENIX (AP) _ Grand Canyon Education Inc. (LOPE) on Wednesday reported first-quarter profit of $78.1 million.
The Phoenix-based company said it had profit of $1.69 per share. Earnings, adjusted for amortization costs, came to $1.72 per share.
The for-profit education company posted revenue of $236.9 million in the period.
For the current quarter ending in July, Grand Canyon Education expects its per-share earnings to be $1.09.
The company said it expects revenue in the range of $202 million for the fiscal second quarter.
Grand Canyon Education expects full-year earnings to be $6.19 per share, with revenue expected to be $919.9 million.
Grand Canyon Education shares have risen 15% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $106.91, a climb of 22% in the last 12 months.