Grand Canyon Education Q4 Profit Rises - Quick Facts

(RTTNews) - Grand Canyon Education, Inc. (LOPE) reported that its fourth-quarter net income increased 25.1% to $26.2 million, from $20.9 million, last year. Net income per share was $0.56, compared to $0.46 for the same period in 2012.

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 15.0% to $162.4 million, compared to $141.3 million for the fourth quarter of 2012. Analysts expected revenue of $159.10 million for the quarter.

The company expects its first-quarter net revenue of $165.0 million; and earnings per share of $0.51. Analysts expect the company to report first-quarter profit per share of $0.50 on revenue of $160.67 million. The company expects its full year 2014 net revenue of $668.0 million; and earnings per share of $2.07. Analysts expect the company to report full year 2014 profit per share of $2.10 on revenue of $663.83 million.