(Adds Outlook; stock movement)
For the full year, Global-e Online Ltd. (GLBE) has raised its revenue outlook to $733 million - $773 million from the previous guidance of $731 million - $771 million. On average, 9 analysts polled by Thomson-Reuters expect revenue of $749.71 million for the year.
The stock was trading around 13 percent higher or $3.87 at $33 in pre-market trade on the Nasdaq.
Q1 Results:
Global-e Online released Loss for first quarter that decreased from last year and beat the Street estimates.
The company's bottom line totaled -$32.05 million, or -$0.19 per share. This compares with -$43.08 million, or -$0.26 per share, in last year's first quarter.
Analysts on average had expected the company to earn -$0.22 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 24.0% to $145.87 million from $117.63 million last year.
Global-e Online Ltd. earnings at a glance (GAAP) :
-Earnings (Q1): -$32.05 Mln. vs. -$43.08 Mln. last year.
-EPS (Q1): -$0.19 vs. -$0.26 last year.
-Revenue (Q1): $145.87 Mln vs. $117.63 Mln last year.
-Guidance:
Next quarter revenue guidance: $162.5 Mln-$168.5 Ml
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