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G8 Education learns tough staffing lesson

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December 04, 2017

Shares in G8 Education have slumped after the childcare operator cut is full-year earnings guidance.

Shares in G8 Education have crashed in early trade after the childcare centre operator lowered its earnings forecast for the 2017 financial year.

The Gold Coast-based childcare centre operator said underlying earnings for FY2017 were now expected to come in at around $160 million, a five per cent year-on-year increase, but well down on the more than $170 million guidance announced in August.

At 1105 AEDT, shares in G8 were down $1.03, or 23.3 per cent, at $3.39.

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