GigaCloud Technology Inc (GCT) Stock Plummets Following Post-Earnings Surge
Updated : March 20, 2024, 09:52AM IST GigaCloud Technology Inc (GCT) shares drop by 13.71% after a recent surge. Fourth-quarter earnings beat expectations with revenue of $244.74 million and earnings per share of 87 cents. GigaCloud’s Marketplace GMV and active third-party sellers show substantial growth, contributing to the company’s positive performance. Shares of GigaCloud Technology Inc (GCT) are witnessing a significant decline, plummeting by 13.71% following a surge triggered by robust fourth-quarter earnings. The stock’s retreat comes after it reported better-than-expected financial results, propelling it to new heights…