PHOENIX (AP) — PHOENIX (AP) — Grand Canyon Education Inc. (LOPE) on Tuesday reported profit of $68 million in its first quarter.
The Phoenix-based company said it had net income of $2.29 per share. Earnings, adjusted for one-time gains and costs, came to $2.35 per share.
The for-profit education company posted revenue of $274.7 million in the period.
For the current quarter ending in June, Grand Canyon Education said it expects revenue in the range of $222 million to $224 million.
The company expects full-year earnings to be $7.35 to $7.82 per share, with revenue ranging from $1.02 billion to $1.04 billion.
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