Grand Canyon Education, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2021
May 05, 2021 at 02:09 pm EDT
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Grand Canyon Education, Inc. announced earnings results for the first quarter ended March 31, 2021. For the first quarter, the company announced operating income was USD 84.226 million compared to USD 80.796 million a year ago. Net income was USD 78.112 million compared to USD 71.385 million a year ago. Basic earnings per share from continuing operations was USD 1.7 compared to USD 1.5 a year ago. Diluted earnings per share from continuing operations was USD 1.69 compared to USD 1.49 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.