Why Cettire, Digico, KMD, and WiseTech shares are falling today

Stocks and InvestingStocks and Investing

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Why Cettire, Digico, KMD, and WiseTech shares are falling today

^{Published on 2024-12-26 20:21:08 - MSN}

These shares are out of form on Friday. But why? The post Why Cettire, Digico, KMD, and WiseTech shares are falling today appeared first on The Motley Fool Australia.

The article from MSN discusses the reasons behind the recent decline in share prices for several Australian companies. Cettire experienced a significant drop after revealing that its sales growth was driven by a surge in orders from a single customer, raising concerns about the sustainability of its revenue. Digico shares fell due to a disappointing trading update, with the company reporting lower-than-expected revenue and profit forecasts for the year. KMD Brands saw its shares decline following a profit warning, where it announced that its annual earnings would be lower than previously anticipated due to weaker consumer demand. Lastly, WiseTech Global shares decreased after the company provided a less optimistic outlook for its full-year earnings, citing delays in product development and integration issues. These updates collectively contributed to a negative market reaction for these companies' stocks.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/money/top-stocks/why-cettire-digico-kmd-and-wisetech-shares-are-falling-today/ar-AA1wxCFp ]

N@N

Why Cettire, Digico, KMD, and WiseTech shares are falling today