secwatch.observer — SEC 8-K summary
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Issuer:     Grand Canyon Education, Inc. (LOPE)
CIK:        0001434588
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001558370-22-015499
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grand Canyon Education Q3 rev $208.7M (+0.9%); net income falls 37% to $30.0M; $200M buyback added
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- Service revenue $208.7M (+0.9% YoY); operating income $35.5M (17.0% margin vs 21.9%).
- GAAP diluted EPS $0.96; adjusted diluted EPS $1.02; net income $30.0M (-37% YoY).
- GCU online enrollments fell 4.7% YoY; traditional ground enrollments rose 8.0%.
- Board authorized additional $200M share repurchase, bringing aggregate to $1.845B; $203.6M remains.
- Q4 2022 guidance: revenue $255.5-256.5M, diluted EPS $2.18-2.19; FY $908.1-909.1M, EPS $5.61-5.62.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1434588/000155837022015499/0001558370-22-015499-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1434588/000155837022015499/lope-20221027x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-015499

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer