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home / articles / why global e online shares are plummeting wednesday mwn benzinga

SHOP - Why Global-E Online Shares Are Plummeting Wednesday | Benzinga

Shopify Inc. Class A Subordinate

Global-E Online Ltd. (NASDAQ: GLBE) reported third-quarter FY23 sales growth of 27% year-over-year, to $133.605 million, missing the consensus of $140.97 million. Gross Merchandise Value (GMV) rose 35% Y/Y to $839 million.

Adjusted gross profit was $59.3 million, an increase of 36% year over year. Adjusted gross margin expanded by 290 bps to 44.4%.

Loss per share of $(0.20) beat the 

Full story available on Benzinga.com
Stock Information
Company Name: Shopify Inc. Class A Subordinate
Stock Symbol: SHOP
Market: NYSE
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