GigaCloud Technology Shares Dive 21% on 1Q Revenue Forecast

Dow Jones

04 Mar

By Denny Jacob

GigaCloud Technology shares dived 21% in premarket trading in response to the company's revenue outlook for the first quarter.

Shares were trading around $12.68. The stock is down 57% over the last year.

The end-to-end B2B technology-solutions company forecast revenue between $250 million and $265 million, while Wall Street expected the figure to be closer to $271.4 million.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

March 04, 2025 08:09 ET (13:09 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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