GigaCloud Technology Inc. (GCT) released a profit for fourth quarter that decreased from last year and missed the Street estimates.
The company's bottom line totaled $30.96 million, or $0.76 per share. This compares with $35.57 million, or $0.87 per share, last year.
Excluding items, GigaCloud Technology Inc. reported adjusted earnings of $0.75 per share for the period.
Analysts on average had expected the company to earn $0.88 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 20.9% to $295.782 million from $244.737 million last year.
GigaCloud Technology Inc. earnings at a glance (GAAP) :
-Earnings: $30.96 Mln. vs. $35.57 Mln. last year.
-EPS: $0.76 vs. $0.87 last year.
-Revenue: $295.782 Mln vs. $244.737 Mln last year.
-Guidance:
Next quarter revenue guidance: $250 - $265 Mln
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