Recap: Global E Online Q3 Earnings
Portfolio Pulse from Benzinga Insights
Global E Online (NASDAQ:GLBE) reported Q3 earnings with an EPS of $-0.2, beating estimates by 13.04% against an expected $-0.23. Revenue increased by $28.05 million compared to the same period last year. Despite beating EPS estimates last quarter, the share price dropped by 5.26% the following day. Historical earnings performance shows mixed results with both beats and misses on EPS estimates in previous quarters.
November 15, 2023 | 12:05 pm
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NEUTRAL IMPACT
Global E Online reported better-than-expected Q3 earnings with an EPS beat and significant year-over-year revenue growth. Historical data shows a potential for post-earnings share price volatility.
While GLBE's earnings beat and revenue increase are positive, the stock's historical performance shows a drop after last quarter's earnings beat, suggesting that the market reaction could be mixed. The score is neutral due to this uncertainty.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100