Grand Canyon Education Earnings: Here’s Why Investors are Happy Now
Grand Canyon Education, Inc. (NASDAQ:LOPE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 5.56%.
Grand Canyon Education, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 35.29% to $0.46 in the quarter versus EPS of $0.34 in the year-earlier quarter.
Revenue: Rose 25.03% to $141.3 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Grand Canyon Education, Inc. reported adjusted EPS income of $0.46 per share. By that measure, the company beat the mean analyst estimate of $0.42. It beat the average revenue estimate of $136.09 million.
Key Stats (on next page)…