Grand Canyon Education: Q4 Earnings Snapshot
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Audio By Carbonatix
4:25 PM on Wednesday, February 19
The Associated Press
PHOENIX (AP) — PHOENIX (AP) — Grand Canyon Education Inc. (LOPE) on Wednesday reported earnings of $81.9 million in its fourth quarter.
The Phoenix-based company said it had net income of $2.84 per share. Earnings, adjusted for one-time gains and costs, were $2.95 per share.
The for-profit education company posted revenue of $292.6 million in the period.
For the year, the company reported profit of $226.2 million, or $7.73 per share. Revenue was reported as $1.03 billion.
For the current quarter ending in March, Grand Canyon Education expects its per-share earnings to range from $2.50 to $2.52.
The company said it expects revenue in the range of $286.5 million to $287.5 million for the fiscal first quarter.
Grand Canyon Education expects full-year earnings in the range of $8.43 to $8.82 per share, with revenue ranging from $1.07 billion to $1.1 billion.
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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
