Global-e Online Ltd Expects Q3 Revenue $136M-$142M Vs $142.57M Est, FY23 Revenue $570M-$596M (Prior $562M-$590M) Vs $583.28M Est
Portfolio Pulse from Benzinga Newsdesk
Global-e Online Ltd has updated its Q3 revenue forecast to $136M-$142M, which is lower than the estimated $142.57M. The company also revised its FY23 revenue projection to $570M-$596M, slightly higher than the previous range of $562M-$590M, but still below the estimated $583.28M.
August 08, 2023 | 11:08 am
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Global-e Online Ltd's lower than expected Q3 revenue forecast and revised FY23 revenue projection could negatively impact its stock price in the short term.
Global-e Online Ltd's revised revenue forecasts are lower than the market estimates. This could lead to a negative sentiment among investors, potentially driving the stock price down in the short term.
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IMPORTANCE 80
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