Global-E Online Third Quarter 2024 Earnings: Beats Expectations

Global-E Online (NASDAQ:GLBE) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$176.0m (up 32% from 3Q 2023).
• Net loss: US$22.6m (loss narrowed by 32% from 3Q 2023).
• US$0.14 loss per share (improved from US$0.20 loss in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Global-E Online Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) also surpassed analyst estimates by 13%.

Looking ahead, revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US.

Performance of the American Multiline Retail industry.

The company's shares are up 22% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Global-E Online's balance sheet health.

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