PHOENIX (AP) — PHOENIX (AP) — Grand Canyon Education Inc. (LOPE) on Tuesday reported profit of $71.6 million in its first quarter.
On a per-share basis, the Phoenix-based company said it had profit of $2.52. Earnings, adjusted for one-time gains and costs, came to $2.57 per share.
The for-profit education company posted revenue of $289.3 million in the period.
For the current quarter ending in June, Grand Canyon Education said it expects revenue in the range of $239 million to $241.5 million.
The company expects full-year earnings to be $3 to $3.17 per share, with revenue ranging from $301 million to $311.5 million.
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