Grand Canyon Education Q2 Profit Rises - Quick Facts

(RTTNews) - Grand Canyon Education, Inc. (LOPE) Tuesday reported second-quarter profit of $19.1 million or $0.42 per share, up from $15.6 million or $0.35 per share in the same period last year.

Adjusted earnings for the quarter was $20.6 million or $0.45 per share. On average, 10 analysts polled by Thomson Reuters expected the company to earn $0.40 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased 18.6 percent to $141.5 million from $119.3 million last year. Analysts expected revenues of $138.38 million.

Looking ahead to the third quarter, the company has forecast earnings in the range of $0.43 to $0.44 per share, with revenues ranging between $146.0 million and $148.0 million. Analysts currently expect the company to earn $0.44 per share on revenues of $146.86 million. For the fourth-quarter the company targets earnings in the order of $0.47 to $0.48 per share, on revenues in the range of $153.5 million to $156.0 million.

For the fiscal 2013, the company currently projects earnings in the range of $1.78 to $1.80 per share, with revenues between $583.0 million and $587.5 million. Analysts currently expect full-year earnings of $1.76 per share and revenues of $583.30 million.