WiseTech Plunges as Scandal Embroiling Founder Hits Earnings
- Tech firm cuts profit forecast after delaying key product
- External investigation clears White of allegations of bullying
This article is for subscribers only.
WiseTech Global Ltd. shares tumbled after the tech firm slashed its profit forecast, saying the recent scandals embroiling founder Richard White had delayed a major product launch.
The stock slumped as much as 19% in early Sydney trading Friday after the company lowered its full-year Ebitda projection to a range that’s below the average analyst estimate.