Global-e Online Sees Q3 Revenue Of $165.7M - $171.7M Vs. $177.88M Est.
Portfolio Pulse from Benzinga Newsdesk
Global-e Online has announced its Q3 revenue forecast to be between $165.7 million and $171.7 million, which is below the estimated $177.88 million.
August 14, 2024 | 11:05 am
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NEGATIVE IMPACT
Global-e Online's Q3 revenue forecast of $165.7M - $171.7M is below the estimated $177.88M, which may negatively impact the stock price in the short term.
The revenue forecast falling short of estimates typically signals potential underperformance, which can lead to a negative reaction from investors and a drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100