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Stock impact report

Why Grand Canyon Education (LOPE) Stock Is Trading Lower Today [Yahoo! Finance]

Grand Canyon Education, Inc. (LOPE) 
Last grand canyon education, inc. earnings: 2/19 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.gcu.edu
Company Research Source: Yahoo! Finance
the company's third-quarter results revealed a significant decline in profit, largely due to a $35 million reserve set aside for a litigation settlement. While revenue grew 9.6% year on year to $261.1 million, boosted by a 3.5% increase in student enrollments, the top-line growth was completely overshadowed by plummeting profitability. The company's operating income fell 62.6%, and net income declined by nearly 60% from the prior year. The profit of $0.58 per share was a major disappointment, missing analysts' estimates by over 66%. Adding to investor concerns, Grand Canyon's full-year earnings guidance also fell short of Wall Street's expectations. The stock market overreacts to news, and big price drops can present good opportunties to buy high-quality stocks. Is now the time to buy Grand Canyon Education? Access our full analysis report here What Is The Market Telling Us Grand Canyon Education's shares are not very volatile and have only had 4 moves greater than 5% over the l Show less Read more
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