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Why did WiseTech (WTC) get hammered this week?

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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Question asked

Why did WiseTech (WTC) get hammered this week?

The reason for the 20% drop today their result seemed very good

Answer

Hi Ian,

Unfortunately the market didn’t like their result the trouble wasn’t the FY23 numbers but what comes next, as we discussed on the day WiseTech’s Report disappointed on earnings guidance to the tune of ~12%.

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WiseTech Global Ltd (WTC)
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