What's Going On With Global-E Online Shares Today?
Portfolio Pulse from Akanksha Bakshi
Global-E Online Ltd reported Q2 FY23 sales growth of 53% YoY, beating consensus. GMV rose 54% YoY. Adjusted gross margin expanded to 43.3%. Q2 operating loss contracted from the previous year. The company raised its FY23 revenue outlook. Despite positive results, GLBE shares are trading lower.
August 08, 2023 | 4:07 pm
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NEGATIVE IMPACT
Global-E Online Ltd reported better than expected Q2 results and raised its FY23 outlook. However, its shares are trading lower.
Despite reporting strong Q2 results and raising its FY23 outlook, Global-E Online Ltd's shares are trading lower. This could be due to market factors or investor sentiment not reflected in the financial results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100