Some company earnings reports are straightforward. Others require a little back-of-the-envelope math to figure everything out. Then there are those that make completing a Rubik’s Cube seem like child’s play. Grand Canyon Education (NASDAQ:LOPE) — for now — fits into that third group.
That’s because the company used to be an ordinary for-profit university. Last year, however, the school — Grand Canyon University (GCU) — regained its not-for-profit status. Grand Canyon Education (GCE) is left as an education services company. That means it provides curriculum development, financial aid processing, technology, counseling, advertising, and a host of other nonacademic tools.
The company reported solid earnings Tuesday night, and teased a few major announcements in the quarters to come.
Grand Canyon Education: The raw numbers