WiseTech Bull Expects Job-Cut Costs to Emerge in August -- Market Talk
Dow Jones
May 06
0028 GMT - WiseTech Global's bull at Bell Potter expects to learn the cost of the logistics-software provider's 2,000 job cuts in August. Analyst Chris Savage reckons the Australian company will probably disclose the financial hit some time around its annual result announcement. He assumes the cost will be split across FY 2026 and FY 2027 and is looking forward to getting some detail. For now, one-off restructuring costs implied by WiseTech's underlying earnings guidance are slightly higher than Savage had anticipated. However, he keeps a buy rating and A$78.75 target price on the stock, which is up 0.2% at A$45.82. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
May 05, 2026 20:28 ET (00:28 GMT)
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