Evolve Education warns of lower 2019 earnings, confirms takeover interest; shares drop

Mon, 30 Jul 2018

By Rebecca Howard July 31 (BusinessDesk) - Evolve Education Group expects its 2019 annual earnings will be $3 million to $5 million lower and said it continues to see takeover interest. Its shares dropped 7.8 percent. The company reported underlying earnings before interest, taxes, depreciation and amortisation of $21.6 million in the year ended March 31, 2018, and a net loss of $4.2 million from a profit of $15.8 million a year earlier. For 2019 earnings, the "best available estimate will inevitably be subject to variation and the co...

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