GigaCloud Tech Q1 EPS $0.39 Up From $0.13 YoY, Sales $127.80M Up From $112.40M YoY
Portfolio Pulse from Benzinga Newsdesk
GigaCloud Tech (NASDAQ:GCT) reported Q1 earnings of $0.39 per share, a 200% increase YoY, and sales of $127.80M, a 13.70% increase YoY.
May 24, 2023 | 10:02 am
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POSITIVE IMPACT
GigaCloud Tech's Q1 earnings increased 200% YoY to $0.39 per share, and sales rose 13.70% YoY to $127.80M.
GigaCloud Tech's strong Q1 earnings and sales growth indicate a positive financial performance, which is likely to boost investor confidence and have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100