Shares of Global-e Online declined after the Israeli e-commerce company issued first-quarter sales guidance below analysts’ expectations.
The stock on Wednesday declined 15.8% to $33.95 ahead of the market open. Shares had risen 54% in the past 12 months.
The company on Wednesday guided for first-quarter revenue between $138.5 million and $145 million. Analysts polled by FactSet expect $150.6 million.
Global-e Online also reported a fourth-quarter loss of $22.1 million, or 13 cents a share for the period ended Dec. 31, compared with a loss of $28.47 million, or 18 cents a share for same period a year ago.
Fourth-quarter revenue rose to $185.4 million from $139.87 million. Analysts had expected $181.6 million.