Why Shares of Global-e Online Are Skyrocketing Today

Motley Fool11-21 02:15

Global-e Online provides end-to-end cross-border solutions for brands selling worldwide. The company reported impressive earnings on Wednesday morning, offering improved guidance, as well. ...

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This achievement, paired with Global-e's gross profit margin improving from 32% in 20","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"DTC":"Solo Brands, Inc.","BK4190":"消闲用品"},"translate_title":"为什么Global-e Online的股价今天飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DTC":1},"content_text":"Global-e Online provides end-to-end cross-border solutions for brands selling worldwide.\n\n\n\n\n\n\n\nThe company reported impressive earnings on Wednesday morning, offering improved guidance, as well.\r\n\n\n\n\n\n\n\n\nBookings are at an all-time high, and GAAP profitability may be incoming in 2025.\n\nShares of global direct-to-consumer (DTC) e-commerce specialist Global-e Online (GLBE 12.49%) were up 11% as of 1 p.m. ET on Wednesday, according to data provided by S&P Global Market Intelligence.Global-e Online reported third-quarter earnings Wednesday morning and delivered sales growth of 32%, along with an increase of 41% in adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization).However, what really seems to have prompted the stock's upward trajectory today was management's guidance for sales and adjusted EBITDA growth to accelerate to 34% and 55%, respectively, in the fourth quarter.GAAP profitability for Global-e?Global-e solves a wide array of problems facing brands selling internationally, ranging from duty drawback programs and calculating regional taxes to offering payments and pricing in local currencies along with multilingual shopping services. 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