GigaCloud Technology Inc. (GCT) released earnings for first quarter that beat the Street estimates.
The company's earnings totaled $27.15 million, or $0.68 per share. This compares with $27.19 million, or $0.66 per share, last year.
Excluding items, GigaCloud Technology Inc. reported adjusted earnings of $0.83 per share for the period.
Analysts on average had expected the company to earn $0.53 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 8.3% to $271.906 million from $251.077 million last year.
GigaCloud Technology Inc. earnings at a glance (GAAP) :
-Earnings: $27.15 Mln. vs. $27.19 Mln. last year.-EPS: $0.68 vs. $0.66 last year.-Revenue: $271.906 Mln vs. $251.077 Mln last year.
-Guidance:Next quarter revenue guidance: $275 - $305 Mln
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.