Global-E Online shares are trading lower after the company reported Q2 financial results and issued Q3 revenue guidance below estimates. Also, the company cut its FY24 revenue guidance with its midpoint below estimates.
Portfolio Pulse from Benzinga Newsdesk
Global-E Online shares are trading lower after the company reported Q2 financial results and issued Q3 revenue guidance below estimates. Additionally, the company cut its FY24 revenue guidance with its midpoint below estimates.
August 14, 2024 | 11:44 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Global-E Online shares are trading lower due to disappointing Q2 financial results and Q3 revenue guidance. The company also cut its FY24 revenue guidance, with the midpoint below estimates.
The company's Q2 financial results and Q3 revenue guidance falling below estimates, along with a cut in FY24 revenue guidance, are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100