Australia's Janison Education rises; Bell Potter trims PT on weak results

Janison Education

13/02/2024 03:04

** Shares of Janison Education  JAN.AX  rise as much as 3.1%
to A$0.330, after falling nearly 10% in the previous session
    ** Analysts at Bell Potter cut their price target on JAN to
A$0.50 from A$0.55
    ** The ed-tech co on Monday posted a 37% drop in its
half-yearly Earnings Before Interest, Taxes, Depreciation, and
Amortization (EBITDA) from year-ago levels
    ** Brokerage also reduces its full-year revenue and earnings
estimates for JAN, citing lower anticipated revenue from the
Janison Assessments segment
    ** Stock up 25.5% YTD, as of last close


 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))