Why Grand Canyon Education Is Soaring Today
Shares of Grand Canyon Education (NASDAQ: LOPE) were soaring 12% higher in morning trading Wednesday after the for-profit education provider trounced Wall Street's expectations. Grand Canyon was different and has overcome adversity since its days as a not-for-profit educator, including earlier this year when short-seller Citron Research published one of its famed hit pieces on the company. Revenue rose 3% to $185.5 million in the quarter as enrollment at university partners -- primarily its own Grand Canyon University -- increased 8.2% to 98,326.
