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GigaCloud Shares Rise as Investors Await Earnings Report
GigaCloud gained 1.69% in the latest session, while Zacks estimates point to higher quarterly earnings and revenue than a year earlier.
Key takeaways
- GigaCloud shares rose 1.69% to $54.66 in the latest session.
- Zacks projects quarterly EPS of $1.28 and revenue of $394.8 million.
GigaCloud Technology shares rose 1.69% to $54.66 in the latest trading session, outpacing the S&P 500’s 0.66% gain. The Dow added 0.18%, while the Nasdaq rose 1.05%.
The stock gained 3.86% over the previous month, while the Business Services sector fell 4.68% and the S&P 500 advanced 0.55%.
Ahead of GigaCloud’s upcoming earnings report, Zacks estimates quarterly earnings of $1.28 per share and revenue of $394.8 million. Those figures would be increases of 29.29% and 18.69%, respectively, from the same quarter a year earlier.
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Further reading
This article was produced with the help of AI technology. Source: Yahoo Finance
