Business
/C O R R E C T I O N -- Grand Canyon Education, Inc./
In the news release, GRAND CANYON EDUCATION, INC. REPORTS SECOND QUARTER 2024 RESULTS, issued 06-Aug-2024 by Grand Canyon Education, Inc. over PR Newswire, we
About this update from Grand Canyon Education, Inc.
[{"type":"text","content":"In the news release, GRAND CANYON EDUCATION, INC. REPORTS SECOND QUARTER 2024 RESULTS, issued 06-Aug-2024 by Grand Canyon Education, Inc. over PR Newswire, we are advised by the company that the sentence above Forward Looking-Statements should read \"The diluted EPS guidance includes non-cash amortization of intangible assets net of taxes of $6.6 million and $0.9 million of severance costs, which equates to a $0.26 impact on diluted EPS. Thus, as adjusted, Non-GAAP diluted income per share of between $7.88 and $8.07. \" rather than \"The diluted EPS guidance includes non-cash amortization of intangible assets net of taxes of $6.6 million, which equates to a $0.23 impact on diluted EPS. Thus, as adjusted, Non-GAAP diluted income per share of between $7.85 and $8.04.\" as originally issued inadvertently. The complete, corrected release follows:\n\nGRAND CANYON EDUCATION, INC. REPORTS SECOND QUARTER 2024 RESULTS\n\n\nPHOENIX, Aug. 6, 2024 /PRNewswire/ -- Grand Canyon Education, Inc. (NASDAQ: LOPE), (\"GCE\" or the \"Company\"), is a publicly traded education services company that currently provides services to 22 university partners. GCE provides a full array of support services in the post-secondary education sector and has developed significant technological solutions, infrastructure and operational processes to provide superior services in these areas on a large scale. GCE today announced financial results for the quarter ended June 30, 2024. \n\n \n \n \n \n \n \n\n \nGrand Canyon Education, Inc. Reports Second Quarter 2024 Results\nFor the three months ended June 30, 2024:\nService revenue for the three months ended June 30, 2024 was $227.5 million, an increase of $16.9 million, or 8.0%, as compared to service revenue of $210.6 million for the three months ended June 30, 2023. The increase year over year in service revenue was primarily due to an increase in GCU enrollments to 102,676 at June 30, 2024, an increase of 7.0% over enrollments at June 30, 2023, an increase in university partner enrollments at our off-campus classroom and laboratory sites to 4,377 at June 30, 2024, an increase of 12.1% over enrollments at June 30, 2023, which includes 746 and 350 GCU students at June 30, 2024 and 2023, respectively, and an increase in revenue per student year over year. The increase in revenue per student between years is primarily ...