HK's GigaCloud gains on higher Q4 profit, revenue

GigaCloud Technology

17/03/2023 12:09

** Shares of Hong-Kong based e-commerce firm GigaCloud
Technology Inc  GCT.O  up 2.7% at $6.05 premarket 
    ** Posts Q4 EPS of $0.31 vs $0.27 a year earlier 
    ** Q4 total revenue rises 20.5% to $125.6 mln from $104.2
mln last year  urn:newsml:reuters.com:*:nGNX63ZCGN 
    ** Says higher service revenue from its GigaCloud 3P segment
and product revenue from GigaCloud 1P segment drove total
revenue growth
    ** Expects Q1 2023 total revenue to be between $123 mln and
$127 mln 
    ** GCT stock has risen 3.5% YTD 

 (Reporting by Amna Karimi in Bengaluru)
 ((Amna.Karimi@thomsonreuters.com; +91 8083261226;))