Global E Online Q3 EPS $(0.20) Beats $(0.23) Estimate, Sales $133.60M Miss $140.37M Estimate
Portfolio Pulse from Benzinga Newsdesk
Global E Online (NASDAQ:GLBE) reported Q3 EPS of $(0.20), surpassing the $(0.23) estimate, marking a 51.22% improvement from last year. However, sales of $133.60M fell short of the $140.37M estimate, despite being 26.57% higher than the previous year.

November 15, 2023 | 12:02 pm
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NEUTRAL IMPACT
Global E Online beat EPS estimates but missed revenue forecasts for Q3, showing mixed financial performance.
Beating the EPS estimate is positive, but missing revenue targets can concern investors about growth prospects. The mixed results may lead to neutral short-term stock price movement as the market digests both the positive and negative aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100