Shopify shares drop on surprise loss [Financial Post (Toronto, Ontario, Canada)]
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
Last shopify inc. class a subordinate voting shares earnings: 2/12 07:00 am
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US:NYSE Investor Relations:
investors.shopify.com/home/default.aspx
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Source: Financial Post
Shopify Inc. shares tumbled after the Canadian e-commerce company reported a surprise net loss in the first quarter after the sale of its logistics business last year. The company posted a loss of US$273 million after a profit of US$68 million a year earlier. The loss per share was 21 cents on revenue of US$1.86 billion, the company said in a statement on Wednesday. Article content Article content The U.S.-traded shares tumbled 19 per cent after the opening bell in New York. After rallying more than 120 per cent last year, Shopify shares have struggled this year after the company had projected higher operating costs than expected for this quarter. The stock, which fell as much as 2.7 per cent in U.S. trading on Tuesday, is roughly flat in 2024, lagging the Nasdaq 100 Index. Shopify is facing an uncertain economic environment and tepid consumer spending , while the sale of its logistics business to Flexport also weighed on financial results. The pace of revenue growth has
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News
- Proxy advisers recommend investors vote ‘no' on Shopify executive pay [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Avalara Expands Partnership with Shopify to Enable Global Tax Compliance for Merchants [Yahoo! Finance Canada]Yahoo! Finance Canada
- Shopify Inc. (SHOP) is Attracting Investor Attention: Here is What You Should Know [Yahoo! Finance Canada]Yahoo! Finance Canada
- Avalara Expands Partnership with Shopify to Enable Global Tax Compliance for Merchants [Yahoo! Finance]Yahoo! Finance
- Avalara Expands Partnership with Shopify to Enable Global Tax Compliance for MerchantsPR Newswire
SHOP
Earnings
- 5/8/24 - Beat
SHOP
Sec Filings
- 5/17/24 - Form 144
- 5/10/24 - Form SC
- 5/8/24 - Form 6-K
- SHOP's page on the SEC website