Shopify shares sink as company posts Q1 loss, forecasts slower revenue growth [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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Source: Financial Post
OTTAWA — Shopify Inc.'s shares dropped 19.5 per cent as the company reported a loss in its latest quarter and slower revenue growth for next quarter in its financial outlook. The e-commerce software company, which keeps its books in U.S. dollars, says its net loss amounted to US$273 million or 21 cents US per diluted share for the quarter ended March 31. Article content The result for the quarter compared with a profit of US$68 million or five cents US per diluted share in the same quarter last year. Article content Revenue for the quarter totalled US$1.86 billion, up 23 per cent from US$1.51 billion in its first quarter last year. The results pushed Shopify's share price down $20.66 to $85.09 in morning trading on Wednesday. In its outlook for the second quarter, Shopify says its year-over-year revenue growth will be affected by the sale of its logistics business. It also expects its gross margin to fall half a percentage point from the first quarter. The company say
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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