6/18/2020, 11:32 AM (Source: TeleTrader)
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Wirecard drops 50% after earnings release delay

Wirecard AG stock plummeted 50% on Thursday after the company delayed its 2019 annual earnings release.

The company said its auditor, Ernst & Young GmbH, said Wirecard didn't have sufficient audit evidence of "cash balances on trust accounts to be consolidated in the consolidated financial statements in the amount of €1.9 billion."

Wirecard's stocks dropped 48.95% to €53.21 per share in Frankfurt at 11:30 am CET.

Breaking the News / VP