Bearish or bullish? Experts react to Shopify's Q2 earnings - BNN Bloomberg

, which included a net loss of US$1.3 billion, down from a loss of US$1.2 billion a year earlier. The company also moved to reduce its workforce by around 20 per cent and sell its logistics business.

“We really just need to reset here and be realistic about what is not really a very differentiated business. This service is core to e-commerce, but it is not a differentiated service,” he said. He said that at this time, investors should avoid purchasing Shopify shares and “look for an entry point maybe in the low teens.”

Despite Trainer’s negative sentiment on Shopify shares, John Zechner, the chairman and founder at J. Zechner Associates, said in an interview with BNN Bloomberg Thursday that the company performed well during the second quarter.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Shopify optimistic about 'new shape' of business following layoff, AI announcementsShopify Inc.’s president said a recent move to streamline operations with a significant layoff and bolster merchant offerings with technology like artificial…
مصدر: calgaryherald - 🏆 64. / 52 اقرأ أكثر »

Shopify optimistic about 'new shape' of business following layoff, AI announcementsShopify Inc.’s president said a recent move to streamline operations with a significant layoff and bolster merchant offerings with technology like artificial…
مصدر: OttawaCitizen - 🏆 21. / 68 اقرأ أكثر »

Shopify saw $1.3-billion loss in second quarter as it laid off staff, sold logistics businessOttawa-based e-commerce company says the net loss in its second quarter compared with a net loss of US$1.2 billion a year earlier
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »

EQ Bank owner EQB Inc. sees earnings rise in second quarter, boosts guidance - BNN BloombergEQB Inc., the company that owns EQ Bank, says it earned $130.9 million in the second quarter, up from $58.8 million a year earlier.
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »