Why Shares of Global-e Online Are Sinking Today
Leading cross-border e-commerce enabler Global-e Online (NASDAQ: GLBE) has seen its stock drop 7% as of noon ET Wednesday, according to data provided by S&P Global Market Intelligence.
Global-e Online beat analysts' expectations after growing revenue by 28% and recording profitability for the second time in three quarters. The company also raised its full-year guidance to 31% sales growth.
Despite these results, Global-e's stock remains down 7% due to worries over how the company's operations will be affected by the new tariffs and the U.S. de minimis customs exemption ending.
Source Fool.com
