Brief: Grand Canyon Education, Inc. Reports Second Quarter 2020 Results

Grand Canyon Education

04/08/2020 21:51

Aug 4 (Reuters) - Grand Canyon Education Inc  LOPE.O :
    * GRAND CANYON EDUCATION, INC. REPORTS SECOND QUARTER 2020
RESULTS
    * Q2 ADJUSTED EARNINGS PER SHARE $1.03
    * Q2 EARNINGS PER SHARE $1.00
    * Q2 EARNINGS PER SHARE ESTIMATE $0.89 -- REFINITIV IBES
DATA
    * BOARD HAS INCREASED AUTHORIZATION UNDER ITS EXISTING STOCK
REPURCHASE PROGRAM BY $50.0 MILLION TO A TOTAL OF $300.0 MILLION
    * ESTIMATE THAT POTENTIAL REDUCTION IN NET REVENUE
ATTRIBUTABLE TO
COVID-19 WILL BE ABOUT $20 MILLION IN SECOND HALF OF 2020
    * SEES FY NET REVENUE OF $842.4 MILLION
    * SEES FY ADJUSTED DILUTED EPS OF $5.47
    * SEES Q3 NET REVENUE OF $197.5 MILLION
    * SEES Q3 ADJUSTED DILUTED EPS OF $1.11
    * FY2020 EARNINGS PER SHARE VIEW $5.35, REVENUE VIEW $837.3
MILLION -- REFINITIV IBES DATA
    * Q3 EARNINGS PER SHARE VIEW $1.27, REVENUE VIEW $204.5
MILLION --
REFINITIV IBES DATA

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