Welcome to our dedicated page for Grand Canyon Ed news (Ticker: LOPE), a resource for investors and traders seeking the latest updates and insights on Grand Canyon Ed stock.
Grand Canyon Education, Inc. (NASDAQ: LOPE) provides essential support services to universities through operational, technological, and compliance solutions. This page serves as the definitive source for verified company news, offering stakeholders direct access to official updates and strategic developments.
Investors and analysts will find timely information on earnings announcements, partnership agreements, regulatory compliance matters, and operational milestones. The curated collection includes press releases detailing service expansions, technology implementations, and leadership updates directly from the company.
All content undergoes strict verification to ensure accuracy and relevance to financial decision-makers. Regular updates provide insights into LOPE's role in enhancing post-secondary education through innovative support systems and strategic collaborations.
Bookmark this page for streamlined access to critical updates about Grand Canyon Education's market position, service innovations, and compliance achievements within the evolving education services landscape.
Grand Canyon Education (LOPE) released its second quarter 2024 results with a correction to the previously issued press release. The company reported service revenue of $210.6 million, a 3.8% increase from the same period in 2023. Operating income rose by 6.4% to $51.0 million. Net income grew 8.3% to $41.3 million, with diluted earnings per share increasing 13.4% to $1.35.
LOPE's partner institutions saw total enrollment growth of 5.2% to 112,049 students as of June 30, 2024. The company maintained a strong financial position with unrestricted cash and investments of $304.4 million. LOPE also repurchased 316,093 shares of common stock in Q2 2024. The company provided updated guidance for the full year 2024, projecting service revenue between $945.0 million and $955.0 million.
Grand Canyon Education (Nasdaq: LOPE) announced that it will release its Q2 2024 earnings results on August 6, 2024, after the market closes. A conference call to discuss the results will be held at 1:30 P.M. (4:30 P.M. ET) the same day. Participants can register for the call to receive dial-in numbers and a unique PIN. A live webcast and a replay of the event will be accessible to investors, journalists, and the public.
Grand Canyon Education, Inc. (NASDAQ: LOPE) reported first quarter 2024 results with a service revenue increase of 9.8% compared to the same period last year, driven by higher enrollments and revenue per student. Operating income saw a $10 million boost, while net income rose by 14.2%. Adjusted EBITDA increased by 13.8%. The company's liquidity position improved, with cash and investments rising by $46.2 million. The outlook for 2024 shows projected growth in service revenue, operating margin, and diluted EPS.
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