07:34 AM EDT, 08/14/2024 (MT Newswires) -- Global-e Online ( GLBE ) reported a Q2 net loss Wednesday of $0.13 per diluted share, narrowing from a loss of $0.22 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.16.

Revenue for the quarter ended June 30 was $168 million, compared with $133.3 million a year earlier.

Analysts surveyed by Capital IQ expected $165.9 million.

The company said it now expects 2024 revenue of $710 million to $750 million, compared with $733 million to $773 million anticipated previously. Analysts polled by Capital IQ expect $748.6 million.

Global-e Online ( GLBE ) also said it expects Q3 revenue of $165.7 million to $171.7 million. Analysts surveyed by Capital IQ expect $177.9 million.

The company's shares were down more than 15% in recent Wednesday premarket activity.

Price: 28.21, Change: -5.17, Percent Change: -15.49