PHOENIX (AP) _ Grand Canyon Education Inc. (LOPE) on Wednesday reported fourth-quarter earnings of $76.7 million.
On a per-share basis, the Phoenix-based company said it had profit of $1.59. Earnings, adjusted for one-time gains and costs, came to $1.63 per share.
The for-profit education company posted revenue of $213.2 million in the period.
For the year, the company reported profit of $259.2 million, or $5.37 per share. Revenue was reported as $778.6 million.
For the current quarter ending in April, Grand Canyon Education said it expects revenue in the range of $222.5 million.
The company expects full-year earnings to be $5.58 per share, with revenue expected to be $856 million.
Grand Canyon Education shares have decreased 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $86.93, a decrease of 10% in the last 12 months.