WiseTech Shares Drop 10 Percent
WiseTech Global shares fell more than 10 percent after reporting annual profit below expectations. Acquisition costs related to e2open weighed heavily on the results.
Xurve View
Insights:
Xurve View
WISETECH GLOBAL LTD shares tumbled 10% during Wednesday morning trade after annual profit missed consensus estimates due to acquisition expenses. The drop dragged Australia benchmark equity indexes lower. The logistics software provider faces investor scrutiny over integration costs from major offshore deals.
