Global-e Online Sees Q2 Revenue Of $162.5M - $168.5M Vs. $170.48M Est.
Portfolio Pulse from Benzinga Newsdesk
Global-e Online has announced its Q2 revenue forecast to be between $162.5 million and $168.5 million, which is below the estimated $170.48 million.
May 20, 2024 | 11:06 am
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NEGATIVE IMPACT
Global-e Online's Q2 revenue forecast of $162.5M - $168.5M is below the estimated $170.48M, which may negatively impact investor sentiment.
The revenue forecast falling short of estimates typically leads to negative investor sentiment, which can result in a short-term decline in stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100