Global-E Online Ltd (NASDAQ:GLBE) reported better-than-expected results for its second quarter.

Global-E Online reported second-quarter FY23 sales growth of 53% year-over-year, to $133.31 million, beating the consensus of $128.49 million. Loss per share of $(0.22) beat the consensus loss of $(0.26).

The company raised the FY23 revenue outlook to $570 million – $596 million (prior expectation $562 million – $590 million), vs. the consensus of $583.28 million.

Global-E Online shares fell 5% to close at $38.78 on Tuesday, but added 1.6% in today’s pre-market trading session.

These analysts made changes to their price targets on Global-E Online following earnings announcement.

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