Global E Online Q1 EPS $(0.26) Misses $(0.23) Estimate, Sales $145.90M Beat $141.48M Estimate
Portfolio Pulse from Benzinga Newsdesk
Global E Online (NASDAQ:GLBE) reported a Q1 EPS of $(0.26), missing the $(0.23) estimate, but achieved sales of $145.90M, beating the $141.48M estimate. Sales increased by 24.03% year-over-year.
May 20, 2024 | 11:02 am
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Global E Online reported a Q1 EPS of $(0.26), missing the $(0.23) estimate, but achieved sales of $145.90M, beating the $141.48M estimate. Sales increased by 24.03% year-over-year.
The mixed results, with an EPS miss but a sales beat and significant year-over-year growth, suggest a neutral short-term impact on the stock price. Investors may weigh the earnings miss against the strong revenue performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100