Grand Canyon Education (LOPE) reported first quarter net income of $0.32 per share after the bell Monday, up from $0.21 per share last year. The consensus estimate was for EPS of $0.26. The company expects to report second quarter EPS of $0.26 to $0.27 and between $1.24 and $1.30 for the full year. The consensus estimates are for EPS of $0.25 and $1.21.
Grand Canyon Education gapped open higher Tuesday and climbed in early trade, but settled into a range for the majority of the day. Shares closed up by 1.95 at $17.98 on the highest volume of the year. The stock rose to a one-month high and re-crossed its 50-day moving average.
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