Grand Canyon Education Inc. (LOPE) reported earnings for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $71.62 million, or $2.52 per share. This compares with $68.01 million, or $2.29 per share, last year.
Excluding items, Grand Canyon Education Inc. reported adjusted earnings of $73.28 million or $2.57 per share for the period.
Analysts on average had expected the company to earn $2.51 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 5.3% to $289.310 million from $274.675 million last year.
Grand Canyon Education Inc. earnings at a glance (GAAP) :
-Earnings: $71.62 Mln. vs. $68.01 Mln. last year.-EPS: $2.52 vs. $2.29 last year.-Revenue: $289.310 Mln vs. $274.675 Mln last year.
-Guidance:Next quarter EPS guidance: $1.34 and $1.39Full year EPS guidance: $8.59 and $8.93
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.