Globe-e Online gains on strong Q4 revenue, forecast raise

Global-E Online

22/02/2023 13:11

** Shares of Israeli e-commerce platform Global-e Online
 GLBE.O  climbs 8.43% to $28.30 in premarket trade
    ** Co forecasts FY23 rev. in the range of $557 mln-$584 mln,
higher than FY22 rev. Of $409 mln
    ** Also reports Q4 rev. of $139.9 mln, beating analysts'
estimates of $138.7 mln, as per Refinitiv data
    ** Beats revenue estimates for eight straight quarters
    ** Shares of GLBE up 26.4% YTD compared to a 67.4% fall in
2022
 (Reporting by Shristi Achar A in Bengaluru)
 ((Shristi.AcharA@thomsonreuters.com;))