price up icon1.77%   +0.55

Why is Global E Online Ltd (GLBE) Stock down?

We've noticed a 8.66% decline in Global E Online Ltd (GLBE) stock during the 2024-05-08 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
15 Nov, 2023:

Shares of Global E Online ltd (GLBE) dropped by 27.10% from $39.44 to $28.75 in the trading on Wednesday, Novemeber 15, 2023. The reason why GLBE is down today is due to the company's Q3 financial report.

  • Revenue and Earnings: For the quarter ending in September 2023, Global-e Online Ltd. reported revenue of $133.61 million, reflecting a notable 26.6% increase compared to the same period in the previous year, but fell short of the Zacks Consensus Estimate of $142.68 million, resulting in a surprise of -6.36%. However, the company reported an EPS (Earnings Per Share) of -$0.20, an improvement from -$0.41 in the year-ago quarter.
  • Performance Metrics: In the reported quarter, Global-e Online Ltd. showcased its performance in key metrics closely monitored by Wall Street analysts: Gross Merchandise Value: $839.06 million, falling short of the four-analyst average estimate of $880.43 million. Revenue by Category - Fulfillment Services: $71.17 million, below the $78.80 million estimated by an average of five analysts. Revenue by Category - Service Fees: $62.43 million, compared to the $64.08 million average estimate based on five analysts.
09 Oct, 2023:

Global-E Online Ltd (GLBE ) dropped by 6.49% from $40.05 to $37.45 in the trading on Monday October 9, 2023. The reasons why stock GLBE down today is due to conflict in the company's home country, Israel. Following Hamas’ devastating attacks on Israel and the retaliatory actions by Israel in Gaza, pressure is seen on U.S.-traded Israeli businesses.

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