Grand Canyon Education (LOPE: Quote) reported second quarter net income of $0.35 per share after the close Monday, up from $0.29 per share in the previous year. The consensus estimate was for EPS of $0.27.
Grand Canyon Education gapped up sharply Tuesday, but traded in a range for the majority of the session. Shares finished up by 3.30 at $19.45 on the highest volume of the year. The stock rose to a 2 1/2 week high and re-crossed both its 50 and 200-day moving averages.
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by RTT Staff Writer
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