G8 Education shares rally on outlook

Company News

by Jessica Amir

Child care services firm, G8 Education (ASX:GEM) advised its earnings for the 2018 calendar year will be in line with market consensus.

It comes as G8 Education advised its EBIT will be between $136 and $139 million.

It takes into consideration that wages are tracking in line with expectation. It also factors in that Brownfields centres are below expectations.

Shares in G8 Education (ASX:GEM) are 8.92 per cent higher to $2.63, hitting a six month high earlier in the session. 
 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 with a passion for equities and funds management. As Head of News, she has been a broadcast journalist for over seven years, specialising in finance. She has been a journalist with Sky News Business, ABC 1, ABC's The Business and ABC24. She’s also worked as a TV reporter for regional Channel 7 and 9. She also previously worked as a financial planner and real estate agent.