05:36 PM EDT, 08/06/2024 (MT Newswires) -- Grand Canyon Education ( LOPE ) reported Q2 adjusted earnings late Tuesday of $1.27 per diluted share, up from $1.01 a year earlier.

Three analysts polled by Capital IQ expected $1.10 per share.

Revenue for the quarter ended ended June 30 was $227.5 million, up from $210.6 million a year earlier. Three analysts surveyed by Capital IQ expected $223.6 million.

For Q3, the company now expects adjusted EPS of $1.43 and $1.49 and service revenue of $238 million to $240.5 million, compared with previously issued guidance of EPS of $1.35 to $1.51 and service revenue of $236.5 million and $244 million.

Three analysts surveyed by Capital IQ are expecting EPS of $1.46 and revenue of $241 million.

For 2024, the company expects adjusted EPS of between $7.88 and $8.07 on service revenue of $1.026 billion to $1.034 billion, compared with previously issued guidance of EPS of $7.57 to $8.04 and service revenue of $1.02 billion to $1.04 billion.

Three analysts polled by Capital IQ are expecting EPS of $7.85 and revenue of $1.03 billion.

Shares of Grand Canyon Education ( LOPE ) were down nearly 2% in after-hours trading.

Price: 144.56, Change: -2.83, Percent Change: -1.92