Grand Canyon Education, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 04, 2022 at 04:12 pm EDT
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Grand Canyon Education, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported net income was USD 25.56 million compared to USD 49.46 million a year ago. Basic earnings per share from continuing operations was USD 0.8 compared to USD 1.09 a year ago. Diluted earnings per share from continuing operations was USD 0.8 compared to USD 1.09 a year ago.
For the six months, net income was USD 83.64 million compared to USD 127.57 million a year ago. Basic earnings per share from continuing operations was USD 2.51 compared to USD 2.78 a year ago. Diluted earnings per share from continuing operations was USD 2.51 compared to USD 2.78 a year ago.
Grand Canyon Education, Inc. is an education services company, which primarily serves colleges and universities. The Company has developed technological solutions, infrastructure and operational processes to provide services to its institutions on a large scale. It provides technology and academic services, which include learning management system (LMS), internal administration, infrastructure, support, program and curriculum, faculty and related training and development, class scheduling and skills and simulation lab sites. The Company provides counseling services and support, including admissions services, financial aid, counseling services, and field experience counseling. The Company provides marketing and communication services that include lead acquisition, digital communication strategies, brand identity advertising, media planning and strategy, video, data science and analysis. Its back-office services include finance and accounting, human resources, audit and procurement.
GRAND CANYON EDUCATION, INC. 
