Shopify Stock Dropped 21% After Earnings: What Investors Need to Know [Yahoo! Finance Canada]
MercadoLibre, Inc. (MELI)
Last mercadolibre, inc. earnings: 2/10 04:01 pm
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Source: Yahoo! Finance Canada
It was a rough earnings report for Shopify TSX:SHOP ) and its shareholders despite a strong quarter that beat out earnings estimates. Yet it wasn't this quarter that investors seemed concerned about — they're worried about the future of the company. Shares of Shopify stock plunged by up to 21% after stating that sales in the second quarter would likely be muted. But that's not the only thing investors should take away from the company. In fact, it could mean today's share price is a steal. Why the drop? First off, let's get into the drop itself. Shopify stock's weak guidance for the second quarter of 2024 primarily revolves around the company's revenue growth and gross margin expectations . Shopify expects revenue to grow at a high-teens percentage rate on a year-over-year basis for the second quarter. While this still indicates growth, it represents a slowdown compared to the first-quarter revenue growth of 23%. ADVERTISEMENT Furthermore, when adjusting for the impact of t
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MELI
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- 5/2/24 - Beat
MELI
Sec Filings
- 5/3/24 - Form 10-Q
- 5/2/24 - Form 8-K
- 4/25/24 - Form DEFA14A
- MELI's page on the SEC website