IDP Education Ltd (ASX: IEL) shares were trading strongly after the company announced a new share buyback and better-than-expected cost reductions in the business. Performing well despite a challenging backdrop The company also said its earnings before interest and tax were expected to be marginally better than last year’s $119 million, with the company expecting FY26 earnings to come in at $122 million. This was due to “strong yield performance and cost reduction mitigating the impact of market conditions”. IDP said regarding its cost-out program: The company is executing on its transformation agenda to become a simpler, more agile and…
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