IDP Education Shares Hit Record Low
IDP Education shares fell to a record low after the IELTS co-owner reported a sharp profit drop and weak earnings outlook. The firm announced major job cuts and reduced testing venues due to tighter immigration policies.
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IDP Education LTD shares plunged as much as 29.5% on Thursday morning after forecasting weaker earnings for fiscal 2027. The drop marks the firm's worst trading session since June 2025. The sell-off followed a 75% drop in full-year statutory net profit, driven by tighter immigration rules across major destination markets.
