Serko caught in global tech stock woes

Wed, 21 Nov 2018

By Paul McBeth Nov. 21 (BusinessDesk) - Serko shares dropped to a two-month low yesterday as the global tech sell-off overshadowed earnings in line with the firm's expectations. The online travel booking software developer lifted first-half sales and earnings and affirmed annual guidance as it continues its push into the Northern Hemisphere, where it sees an opportunity to grab market share. Sam Trethewey, a portfolio manager at Milford Asset Management, said the company delivered exactly what it said it would. He's comfortable with...

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