G8 Education shares rally on outlook

Company News

by Jessica Amir

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$1.873 $0.018 0.97%
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Last Updated: 13/12/2019 1:11 PM

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 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.