Global-E Online Ltd. (GLBE) stock plummeted 13.41% in pre-market trading on Wednesday, following the company's release of disappointing revenue guidance for the first quarter of 2025.
The e-commerce platform provider expects Q1 revenue to range between $184.5 million and $191.5 million, falling short of analysts' consensus estimate of $192.7 million according to FactSet. This weaker-than-expected guidance likely spooked investors, leading to the sharp sell-off in GLBE shares.
While the specific reasons behind the disappointing revenue outlook were not provided, investors will be closely monitoring the company's upcoming earnings report and conference call for further insights and explanations from management.
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