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Grand Canyon Education: Q1 Earnings Snapshot

May 5, 2021 GMT

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.

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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