Grand Canyon Education: 4Q Earnings Snapshot

PHOENIX (AP) _ Grand Canyon Education Inc. (LOPE) on Wednesday reported fourth-quarter profit of $86.8 million.

The Phoenix-based company said it had profit of $1.86 per share. Earnings, adjusted for one-time gains and costs, came to $1.89 per share.

The for-profit education company posted revenue of $238.3 million in the period.

For the year, the company reported profit of $257.2 million, or $5.45 per share. Revenue was reported as $844.1 million.

For the current quarter ending in April, Grand Canyon Education expects its per-share earnings to be $1.67.

The company said it expects revenue in the range of $235 million for the fiscal first quarter.

Grand Canyon Education expects full-year earnings to be $6.19 per share, with revenue expected to be $925 million.

Grand Canyon Education shares have risen 11% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $103.35, an increase of 20% in the last 12 months.

_____

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

Latest Stories

  • Joe Biden Finally Says What A Lot Of People Are Thinking About Donald Trump

    The president said it twice -- and he's hardly alone in the sentiment.

  • Dramatic Photos Show Thousands Of Stunned Sea Turtles Rescued From Texas Storm

    Turtles get cold-stunned when water temperatures fall. One group said it was taking care of more than 2,500 after the ice storm in Texas.

  • Elderly Asian Woman Called Racial Slurs, Needs 5-10 Stitches After Attack at Bakery in Queens

    On Wednesday afternoon, an unidentified man wearing a red jacket verbally assaulted and physically shoved Maggie Cheng’s mother on Main Street and Roosevelt Avenue in Flushing, Queens. The New York Police Department told NextShark that the woman was waiting at a bakery when the suspect approached her.

  • As A Young Black Girl, I Loved My Grandfather. Then I Found Out He'd Been A KKK Member.

    "I had no idea the Klan had such a powerful hold in Colorado until I found confirmation about my grandfather and began researching."

  • Jimmy Kimmel Gives Trump Supporters An Uncomfortable Truth About The Ex-President

    The late-night host tells Trump's fans how the former president really feels about them.

  • Ted Cruz's Tweet About California Energy Shortages Comes Back To Haunt Him

    The Texas senator blasted California's electricity policy when that state faced blackouts last year, but now his own state is in the same boat.

  • North Korean escapee swims for six hours and crawls through drains to defect to South

    South Korea has admitted a second breach in border security in just four months after a man wearing a diving suit and flippers managed to slip across the heavily fortified crossing from the totalitarian North. The escape of the man, reported to be in his twenties, follows an audacious defection in November when a North Korean gymnast vaulted over a three-metre-high security fence without triggering any key sensors. The most recent defector was located on Tuesday after a three-hour manhunt in the demilitarised zone (DMZ) between North and South, near the coastal town of Goseong, South Korean officials said. According to a report by newswire Yonhap, the Joint Chiefs of Staff said he had swum for about six hours and passed through an unprotected drainage tunnel to bypass border barricades in his quest for freedom. His footprints were found about two miles south of the military demarcation line separating the two Koreas, and troops made first sighting of him through a surveillance camera at 4.20am. He was finally captured in the so-called civilian-control zone south of the DMZ, where no civilians are allowed to travel without military permit. He claimed he was a civilian and reportedly expressed his desire to defect.

  • 9 Statement Pillows To Brighten Any Home

    Boldly patterned or downright pretty, our favorite accent pillows hit all the right anglesOriginally Appeared on Architectural Digest

  • Freak cold in Texas has scientists discussing whether climate change is to blame

    The freak cold spell that has killed at least 21 Americans and shut down power for days in Texas has revived scientific discussion over whether climate change could be delivering this week's chill. Scientists say global warming – specifically the rapid warming of the Arctic – is a possible, if not likely, culprit in the extreme weather. Historically, frigid temperatures have typically been contained within the Arctic by a jet stream circling the polar region.

  • Biden’s team tells Meena Harris to stop using Kamala’s image on products

    Harris’ activist-author niece has permission to sell out of the products related to her, but not restock them. Meena Harris, the author-activist niece of Vice President Kamala Harris, has been told by lawyers for President Joe Biden to stop using her aunt’s likeness on her products. Meena Harris’ brand, Phenomenal Woman, had previously used the vice president’s image in a book and a clothing line.

  • Rush Limbaugh's complicated legacy, in 5 tweets from across the political spectrum

    Right-wing radio host Rush Limbaugh died Wednesday, and both his opponents and admirers are remembering how he shaped today's conservative movement. After Limbaugh's wife announced his death, some of his critics on the left brought up how his show promoted racism and homophobia, and how he emphasized that bigotry within the conservative movement. Rush Limbaugh had a segment called "AIDS update" set to music where he mocked dying gay people so I don't really want hear about 'speaking ill of the dead' today — Jessica Valenti (@JessicaValenti) February 17, 2021 But some liberals acknowledged that while they spent years fighting against Limbaugh, he still succeeded in "la[ying] the groundwork for [former President Donald] Trump and Trumpism," as former Obama administration adviser David Axelrod put it. Whether you loved him or hated him-and there are very few people in between-Rush Limbaugh was indisputably a force of historic proportions.Over the past three decades,he did as much to polarize our politics as anyone and laid the groundwork for Trump and Trumpism. — David Axelrod (@davidaxelrod) February 17, 2021 MSNBC's Chris Hayes similarly put Limbaugh in the conservative hall of fame. I think Newt Gingrich, Rush Limbaugh and Donald Trump are three of the five most important and influential conservative figures in American life over the past three decades. (along with Ailes and Murdoch) The conservatism we have is the conservatism they have forged. — Chris Hayes (@chrislhayes) February 17, 2021 Rich Lowry, the conservative editor of the National Review, meanwhile focused on what he saw as Limbaugh's unmatched sense of humor... He was always a humble man who was incredibly personally generous. Her performed countless acts of kindness that we’ll never hear about — Rich Lowry (@RichLowry) February 17, 2021 ... While other right-wing tweeters repeatedly called out anyone who criticized Limbaugh after his death. If you are celebrating the death of a 70-year-old man with cancer just bc you didn’t like his radio show, you might just be in a hate cult — Jack Posobiec (@JackPosobiec) February 17, 2021 More stories from theweek.comTrump comes out of hiding7 scathingly funny cartoons about Republicans' impeachment cowardiceFKA twigs says she left 'little clues' in case Shia LaBeouf shot her

  • Lara Logan: Biden executive orders have 'rescinded' federal funding for border operations

    Fox Nation host Lara Logan on the negative impact Biden immigration policies are having on U.S. border security.

  • Why A Powerful Winter Storm Caused Blackouts In Texas

    Coal, natural gas and nuclear plants ― not wind turbines ― were the main cause. But right-wing misinformation proved more reliable than the grid itself.

  • Ghislaine Maxwell 'physically abused' by correctional officer during routine search in prison

    Ghislaine Maxwell has been “physically abused” by prison guards, is losing her hair and is “withering to a shell of her former self,” her lawyer has claimed in a letter to a New York Judge. The 59-year-old former partner of billionaire paedophile Jeffrey Epstein is awaiting trial on sex trafficking charges, but her lawyers are asking for her to be released on bail citing intolerable jail conditions. "Recently, out of view of the security camera, Ms. Maxwell was placed in her isolation cell and physically abused during a pat down search," wrote Bobbi Sternheim. “When Ms. Maxwell recoiled in pain and when she said she would report the mistreatment, she was threatened with disciplinary action,” she added. A week later the same team of guards "ordered" Maxwell into a shower "to clean, sanitise, and scrub the walls with a broom," the lawyer claimed. “She is withering to a shell of her former self – losing weight, losing hair, and losing her ability to concentrate,” Ms Sternheim wrote, in the letter addressed to New York judge Alison Nathan.

  • Police clash with residents in Portland over discarded food after power outage

    Video and photos showed mountains of food, including packaged meat, large juice cartons, and dairy products.

  • Biden news - live: Texas called a ‘failed state’ with 23 dead as GOP fractures amid Trump attack on McConnell

    Follow the latest updates

  • Joe Buck Says He Used To Drink Tequila In Booth With Troy Aikman

    The veteran Fox Sports announcer also liked to sip a giant beer while calling baseball playoff games.

  • Belarusian police raids homes of journalists and human rights activists

    Belarusian security forces searched the homes of journalists and human rights activists in several cities across the country on Tuesday, intensifying a crackdown on mass protests against veteran President Alexander Lukashenko. Police searched the homes of 25 members of the independent Belarusian Association of Journalists (BAJ) and the human rights organization Viasna-96, Viasna-96 said. The authorities in a statement connected the searches to an investigation into what they said was the financing of the protests by "organisations positioning themselves as human rights defenders".

  • The Texas power grid failed mostly due to natural gas. Republicans are blaming wind turbines.

    As Texas on Tuesday entered its third night with sub-freezing temperatures and 3.3 million customers without electricity, the operator of the state's unique power grid, the Electric Reliability Council of Texas (ERCOT), urged Texans who still have electricity to turn off lights, unplug appliances, and turn down the thermostat. People without power took shelter elsewhere, if they could, or resorted to sometimes deadly means of generating heat. Texas Gov. Greg Abbott (R) and state legislators called for investigations — and Abbott and other prominent GOP politicians wrongly blamed frozen wind turbines and other renewable energy sources for the failures of the Texas energy grid. Texas Gov. Abbott blames solar and wind for the blackouts in his state and says "this shows how the Green New Deal would be a deadly deal for the United States of America" pic.twitter.com/YfVwa3YRZQ — Andrew Lawrence (@ndrew_lawrence) February 17, 2021 "Some turbines did in fact freeze — though Greenland and other northern outposts are able to keep theirs going through the winter," The Washington Post reports. "But wind accounts for just 10 percent of the power in Texas generated during the winter," and the losses tied to thermal plants mostly "relying on natural gas dwarfed the dent caused by frozen wind turbines by a factor of five or six." According to ERCOT, wind power generation is actually exceeding projections. One nuclear reactor and several coal-fired plants went offline, but "Texas is a gas state," Michael Webber, an energy resources professor at the University of Texas, told The Texas Tribune. And "gas is failing in the most spectacular fashion right now." Instruments and other components at gas-fired power plants iced over, and "by some estimates, nearly half of the state's natural gas production has screeched to a halt due to the extremely low temperatures," as electric pumps lost power and uninsulated pipelines and gas wells froze, the Tribune reports. After a 2011 winter storm knocked out power to about 3 million Texans, a federal report warned Texas the same grid debacle would happen again if it didn't adequately weatherize its power infrastructure and increase fuel reserves — and reminded Texas that "many of those same warnings were issued after similar blackouts 22 years earlier and had gone unheeded," The Associated Press reports. "Upgrades were made following the 2011 winter storm," The Texas Tribune notes, but "many Texas power generators have still not made all the investments necessary to prevent the sort of disruptions happening to the equipment." More stories from theweek.comTrump comes out of hiding7 scathingly funny cartoons about Republicans' impeachment cowardiceFKA twigs says she left 'little clues' in case Shia LaBeouf shot her

  • Chinatown Shop Owner Who Saved Woman from Robbery By Firing Gun is Arrested, Bailed Out

    An Oakland Chinatown liquor store owner was arrested and bailed out after firing his gun four times to save a woman in her 30s from a violent robbery on Monday. New Oakland Chief of Police LeRonne Armstrong addressed the incident on Tuesday, saying he would prefer residents to call the authorities rather than getting involved, CBS San Francisco reported. OPD update: the department tells me the incident is categorized as an attempted robbery now that they’ve determined “no loss taken”. Witnesses tell me the suspect made a grab for the woman’s purse and she didn’t let go.