Why Shares of Global-e Online Are Skyrocketing Today

Shares of global direct-to-consumer (DTC) e-commerce specialist Global-e Online (NASDAQ: GLBE) 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.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool