secwatch.observer — SEC 8-K summary
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Issuer:     Grand Canyon Education, Inc. (LOPE)
CIK:        0001434588
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001558370-23-017408
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Grand Canyon Education Q3 revenue $221.9M (+6.3%), EPS $1.19 vs $0.96; board adds $200M to buyback
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- Q3 service revenue $221.9M (+6.3% YoY); GCU enrollments rose 6.6% to 118,227.
- Net income $35.7M (+19.1%); diluted EPS $1.19 (vs $0.96); adjusted EPS $1.26 (vs $1.02).
- Q4 guidance: revenue $274.5-275.5M, operating margin 35.4-35.6%, diluted EPS $2.64-2.67.
- Full year 2023 guidance: revenue $957.1-958.1M, diluted EPS $6.74-6.77; adjusted $6.98-7.01.
- Board increased share repurchase authorization by $200M to $2.045B total; $272.4M remaining as of Oct 31.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1434588/000155837023017408/0001558370-23-017408-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1434588/000155837023017408/lope-20231102x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-017408

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