Global-E Online Ltd. (NASDAQ:GLBE) shares are trading lower after the company reported second-quarter FY24 results and revised its outlook. Sales growth of 26% Y/Y to $168.0 million, beating the analyst consensus estimate of $165.9 million. Gross Merchandise Value (GMV) rose 31% Y/Y to $1.08 billion in the quarter. The company reported $82.2 million in service fees and $85.8 million in fulfillment services revenue in the quarter. Non-GAAP gross profit increased to $80.2 million (+39% Y/Y), and non-GAAP gross margin expanded 450 basis points Y/Y to 47.8%. Adjusted EBITDA rose to $31.3 million from $21.0 million a year ago. The company’s operating loss narrowed ...