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Stock Market & Financial Investment News

News Breaks
February 19, 2013
16:18 EDTLOPEGrand Canyon sees FY13 EPS $1.68-$1.72, consensus $1.70
Sees FY13 revenue $570.5M-$579.0M, consensus $569.18M. Sees Q2 revenue between $135.5M-$137.5M; Q2 EPS 39c-40c; Q2 student counts between 48,900 to 49,500. Sees Q3 revenue between $145M-$147M; Q3 EPS 43c-44c; Q3 student counts between 57,250 to 58,250. Sees Q4 revenue between $153.5M-$156M; Q4 EPS 48c-49c; Q4 student counts between 56,750 to 57,750.
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August 25, 2014
07:23 EDTLOPEGovernment not looking to push other colleges out of business, says Wells Fargo
In the wake of Corinthian Colleges' (COCO) dissolution due to actions taken by the Department of Education, Wells Fargo thinks the government did not intend for this scenario to unfold. After speaking with unnamed "knowledgeable sources" about the issue, the firm does not expect the department to take similar actions in the future because doing so would create too much of a workload for the department, Wells believes. Publicly traded companies in the space include American Public Education (APEI), Apollo Education (APOL), Bridgepoint Education (BPI), Career Education (CECO), Corinthian Colleges (COCO), DeVry (DV), Grand Canyon (LOPE), ITT Educational (ESI) and Strayer (STRA).

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