Global-e rises on upbeat 2024 revenue forecast

Global-E Online

20/11/2024 17:30

** E-commerce platform Global-e Online's  GLBE.O  shares
rise 10.2% to $47.1  
    ** GLBE expects 2024 revenue between $732.9 mln and $744.9
mln, above estimate of $730.7 mln - LSEG
    ** New bookings for 2024 are at an all-time high - CEO Amir
Schlachet
    ** Posts Q3 revenue of $176 million, above analysts'
estimate of $169.2 mln
    ** Posts Q3 loss of 13 cents per share vs analysts' estimate
of loss of 15 cents per share 
    ** Including session's gains, stock had risen 18.9% YTD




 (Reporting by Nithyashree  R B)
 ((NithyashreeRB@thomsonreuters.com;))