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 $1.39
Full year EPS guidance: $8.59 and $8.93
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