Shopify shares plunge 19% on weak guidance

https://www.cnbc.com/2024/05/08/shopify-shares-plunge-18percent-on-weak-guidance.html

Shopify reported first-quarter earnings and sales on Wednesday that were ahead of Wall Street expectations, but it gave a downbeat forecast for the current quarter.

Shares of Shopify dropped 19% in early trading.

  • Earnings per share: 20 cents adjusted vs. 17 cents expected
  • Revenue: $1.86 billion vs. $1.85 billion expected



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