Global E Online Q2 2024 GAAP EPS $(0.13) Beats $(0.17) Estimate, Sales $168.008M Beat $165.931M Estimate
Portfolio Pulse from Benzinga Newsdesk
Global E Online (NASDAQ:GLBE) reported Q2 2024 GAAP EPS of $(0.13), beating the $(0.17) estimate. Sales were $168.008M, surpassing the $165.931M estimate and marking a 26.03% increase from the same period last year.
August 14, 2024 | 11:03 am
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Global E Online (NASDAQ:GLBE) reported better-than-expected Q2 2024 results with a GAAP EPS of $(0.13) beating the $(0.17) estimate and sales of $168.008M surpassing the $165.931M estimate. This represents a 26.03% increase in sales compared to the same period last year.
The better-than-expected earnings and revenue figures, along with a significant year-over-year sales increase, are likely to positively impact GLBE's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100