“Shopify shares plunge 18% on weak guidance”
May 10, 2024
“…Here’s how the company did for the first quarter, compared with consensus expectations from LSEG:
- Earnings per share: 20 cents adjusted vs. 17 cents expected
- Revenue: $1.86 billion vs. $1.85 billion expected
The better-than-expected first-quarter results were overshadowed by Shopify’s outlook for the current quarter. The Canadian e-commerce company said it expects second-quarter revenue to grow at a high-teens percentage rate year over year, which is in line with consensus estimates for growth of 19.5%, but still represents a slowdown from recent quarters…”
https://www.cnbc.com/2024/05/08/shopify-shares-plunge-18percent-on-weak-guidance.html