Shopify shares sink after it forecasts slowest revenue growth in 2 years [Yahoo! Finance]
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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Source: Yahoo! Finance
economy and tepid consumer spending, sending its U.S. shares slumping as much as 19% in pre-market trading. Shopify Inc. (SHOP) Sign in to add to watchlist Full screen The company said on Wednesday it expects second-quarter revenue to grow at a high-teens percentage rate year on year. That compares with the average growth of about 26% over the last few quarters. Analysts estimated current-quarter revenue to grow 19.35%, according to LSEG data. While e-commerce growth has been normalizing, consumers have been looking to cut down on costs, putting Shopify at a disadvantage despite price hikes and new AI-based tools. Adding to the company's pressure, its core clientele if small businesses and medium-sized businesses (SMBs) which have been more susceptible to the hit from higher inflation. (Reporting by Harshita Mary Varghese in Bengaluru; Editing by Sriraj Kalluvila)
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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