Australia's WiseTech slumps after annual earnings and FY26 outlook miss

Published 2 months ago Negative
Australia's WiseTech slumps after annual earnings and FY26 outlook miss
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(Reuters) -Australian logistics software maker WiseTech Global forecast lower-than-expected operating earnings on Wednesday, as it navigates costs related to its buyout of U.S. cloud computing firm e2open, sending its shares to a near four-month-low.

The Sydney-headquartered company sees earnings before interest, tax, depreciation and amortisation between $550 million and $585 million for fiscal 2026, missing the Visible Alpha consensus of $651 million.

(Reporting by Shivangi Lahiri in Bengaluru; Editing by Rashmi Aich)

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