Reported 7 months ago
British money transfer company Wise forecasted a 15% to 20% growth in underlying income for this year, down from the previous year's 31%. The company reported a pretax profit of 242 million pounds for 2024, surpassing expectations, but mentioned that last year's efficiency gains allowed for price cuts, impacting this year's growth outlook. Despite the stock falling more than 20%, analysts from Jefferies believe the reduced prices will bolster confidence in the company's medium-term growth.
Source: YAHOO