financetom
Business
financetom
/
Business
/
GigaCloud Q1 Earnings Lower, Revenue Rises; Sets Q2 Outlook
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
GigaCloud Q1 Earnings Lower, Revenue Rises; Sets Q2 Outlook
May 26, 2025 6:21 AM

05:22 PM EDT, 05/12/2025 (MT Newswires) -- GigaCloud Technology ( GCT ) reported Q1 adjusted earnings late Monday of $0.83 per diluted share, down from $0.84 a year ago.

One analyst expected $0.46 in a FactSet poll.

Revenue for the quarter ended March 31 was $271.9 million, up from $251.1 million a year earlier.

Analysts polled by FactSet expected $259.8 million.

The company said it expects Q2 2025 revenue of between $275 million and $305 million. Analysts expected $303.2 million.

Shares of GigaCloud ( GCT ) were up over 17% in after-hours activity.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Mexican officials confident on reaching US tariff deal before new deadline
Mexican officials confident on reaching US tariff deal before new deadline
Feb 4, 2025
MEXICO CITY (Reuters) - Top Mexican officials said on Tuesday they were confident that Mexico could reach an agreement with the U.S. before threatened tariffs are due to take effect, with the U.S. demanding progress on fighting the flow of drugs and migrants to the shared border. U.S. President Donald Trump had threatened both Mexico and Canada with 25% tariffs,...
Tesla offers insurance subsidy for Model 3 buyers in China
Tesla offers insurance subsidy for Model 3 buyers in China
Feb 4, 2025
BEIJING, Feb 5 (Reuters) - Tesla China is offering insurance subsidies of 8,000 yuan ($1,103.34) for all Model 3 buyers, the automaker announced on its official Weibo account on Wednesday. ($1 = 7.2507 Chinese yuan) ...
US Senate confirms Trump's nominee Pam Bondi as attorney general
US Senate confirms Trump's nominee Pam Bondi as attorney general
Feb 4, 2025
WASHINGTON, Feb 4 (Reuters) - The Republican-led U.S. Senate confirmed Pam Bondi as the new U.S. attorney general on Tuesday, propelling one of President Donald Trump's staunchest political allies to the top perch of American law enforcement. The 54-46 vote to confirm of the former Florida state attorney general will help Trump solidify his control over the U.S. Justice Department,...
BRIEF-Callan JMB Announces Pricing Of $5.12 Million Initial Public Offering
BRIEF-Callan JMB Announces Pricing Of $5.12 Million Initial Public Offering
Feb 4, 2025
Feb 4 (Reuters) - * CALLAN JMB ANNOUNCES PRICING OF $5.12 MILLION INITIAL PUBLIC OFFERING * CALLAN JMB: PRICING OF ITS INITIAL PUBLIC OFFERING OF 1.28 MILLION SHARES AT AN INITIAL PUBLIC OFFERING PRICE OF $4.00 PER SHARE Source text: Further company coverage: [ ] ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved