🟢 GigaCloud Technology is trading 11% up in pre-market after record third-quarter results

GigaCloud Technology is trading at $64.01, up 10.59% in pre-market after record third-quarter results.

• November 5 results set quarterly records for revenue, net income and diluted EPS; revenue rose 27.4% year over year to $423.6 million.
• Adjusted EPS of $1.73 beat estimates by $0.45; revenue topped estimates by $34.21 million, and gross margin expanded to 24.9%.
• Fourth-quarter revenue guidance of $425–$450 million exceeded the cited $405.99 million consensus.