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.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool