GLBE - Why Is Marketing Solutions Provider Global-E Online's Stock Surging Today? | Benzinga
Global-E Online Ltd (NASDAQ:GLBE) shares are soaring after the company reported better-than-expected first-quarter FY24 revenue and raised the outlook.
The company reported first-quarter FY24 sales growth of 24% year-on-year to $145.90 million, beating the analyst consensus estimate of $141.5 million.
Gross Merchandise Value (GMV) rose 32% Y/Y to $930 million. Service fees revenue grew by 35.6%, and Fulfillment fees increased by 15.4%.
Non-GAAP gross profit increased 36% Y/Y to $66.1 million, and ...