WTC +12.38%: A very strong result today from the logistics technology business which is propelling the stock rapidly towards all-time highs above $60. Revenue of $632.2 million was up +25% YoY and above consensus of $626.2 million while EBITDA of $319m was a 3% beat , plus they forecast FY23 earnings growth of at least 21% which was above the 19% currently tipped. This was a very strong result and deserved the strong bump in share price. It feels like only yesterday that J Cap released its ‘scathing’ short report when WTC was trading at ~$30!
MM is bullish WTC targeting all-time highs, now within striking distance
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