GLBE - Global-E Online Analysts Cut Their Forecasts After Q3 Results | Benzinga
Global-E Online Ltd. (NASDAQ: GLBE) reported worse-than-expected third-quarter revenue results and issued weak FY23 revenue guidance.
Global-E Online reported third-quarter FY23 sales growth of 27% year-over-year, to $133.605 million, missing the consensus of $140.97 million. Loss per share of $(0.20) beat the consensus loss of $(0.23).
The company reduced the FY23 revenue outlook to $563 million-$571 million (prior expectation $570 million-$596 million), vs. the consensus of $588.85 million.
Global-E Online shares fell 27.1% to close at $28.75 ...