Grand Canyon Education Q1 Profit Tops View - Quick Facts

(RTTNews) - Grand Canyon Education, Inc. (LOPE) reported that its first-quarter net income increased to $26.3 million OR $0.56 per share from $20.9 million or $0.46 per share last year.

On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.52 for the quarter. Analysts' estimates typically exclude special items.

Net revenue increased 17.9% to $167.43 million, compared to $142.03 million in the year-ago period, while ten analysts expected revenue of $165.24 million for the quarter.

The company expects its second-quarter earnings per share of $0.44 and net revenue of $155.5 million. Analysts expect the company to report second-quarter profit per share of $0.44 on revenue of $155.39 million.

For full year 2014, the company now expects earnings per share of $2.15 and net revenue of $672.2 million. Analysts expect the company to report full year 2014 profit per share of $2.10 on revenue of $670.13 million.

Earlier, the company expected earnings per share of $2.07 and net revenue of $668.0 million.