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Grand Canyon Education: Q1 Earnings Snapshot

PHOENIX (AP) — PHOENIX (AP) — Grand Canyon Education Inc. (LOPE) on Thursday reported net income of $75.3 million in its first quarter.

The Phoenix-based company said it had net income of $2.80 per share. Earnings, adjusted for one-time gains and costs, were $2.86 per share.

The for-profit education company posted revenue of $308.8 million in the period.

For the current quarter ending in June, Grand Canyon Education expects its per-share earnings to range from $1.57 to $1.68.

The company said it expects revenue in the range of $260 million to $264 million for the fiscal second quarter.

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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

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