Grand Canyon Education Down 19.2% After Q3 Earnings Miss and Lower Profit Guidance

Grand Canyon Education's Q3 earnings missed expectations, with net income of $16.27 million compared to $41.47 million last year. The company issued updated guidance for Q4 and FY25, with expected service revenue of $1.10-$1.11 billion for FY25. The decline in earnings and updated guidance signal shifting profitability expectations, influencing perceptions of the company's operational trajectory.