Looks more trouble ahead
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Column 1 0 0135 GMT - G8 Education's profit-forecast cut on a recent slowdown in occupancy growth, a change in staffing regulatory requirements on staffing and accelerated training comes amid an oversupply of new childcare centers in Australia, says Macquarie. That industry issue should also weigh on occupancy levels into 2018. Shares slump 21%, erasing the year's stock gains. If maintained, that would be G8's worst day in 8 years. ([email protected]; @RobbMStewart)
(END) Dow Jones Newswires
Looks more trouble ahead 23 Views| [IMG] 0 comments 0135 GMT -...
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$1.17 |
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Mkt cap ! $902.7M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
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|---|---|---|
| $1.18 | 100276 | 6 |
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