Why Shares of Global-e Online Are Sinking Today

Global-e Online continues to fire on all cylinders, but the market remains skeptical.Leading cross-border e-commerce enabler Global-e Online (GLBE -7.77%) has seen its stock drop 7% as of noon ET Wednesday, according to data provided by S&P Global Market Intelligence.Global-e Online beat analysts' expectations after growing revenue by 28% and recording profitability for the second time in three quarters. The company also raised its full-year guidance to 31% sales growth.Despite these results, Global-e's sto ...