FinanceCNBC Techabout 2 hours ago
Shopify Shares Fall 9% After Missed Estimates
1 min read
Shares of e-commerce platform Shopify plunged 9% in early trading on Tuesday after the company missed estimates on subscription gross profit and gross merchandise volume. Overall quarterly revenue of $3.74 billion came in just below LSEG estimates of $3.75 billion. Adjusted earnings of 49 cents per share topped LSEG estimates of 46 cents per share.
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