What Happened? Shares of higher education company Grand Canyon Education (NASDAQ:LOPE) fell 9% in the morning session after the company's third-quarter results revealed a significant decline in profit, largely due to a $35 million reserve set aside for a litigation settlement. While revenue grew 9.6$261.1 million, boosted by a 3.5% increase in student enrollments, the top-line growth was completely overshadowed by plummeting profitability. The company's operating income fell 62.6%, and n ...