Shares of Nido Education (ASX:NDO) fell 7% in recent Tuesday trade after it said in a late Monday filing that it expects group earnings before interest, taxes, depreciation, and amortization for the year to be in the range of AU$16.5 million to AU$18 million, down from the actual result of AU$42.3 million last year.
The company said the year continues to be challenging. However, it does not expect the earnings multiples in childcare services to remain subdued for an extended period.
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