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Shopify Tumbles as Margins Fall After Sale of Logistics Business

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Shopify Inc. shares tumbled after the Canadian e-commerce company said gross margins would decrease in the current quarter as a result of the sale of its logistics business.

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E-commerce company Shopify reports Q1 loss, revenue up 23% from year agoOTTAWA — Shopify Inc. reported a loss in its latest quarter as its revenue increased 23 per cent compared with a year ago. The e-commerce software company, which keeps its books in U.S.
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Shopify Slump Seen as Entry Point For Traders Ahead of Earnings(Bloomberg) -- A recent slump in Shopify Inc.’s share price has set up a compelling entry point for investors ahead of Wednesday’s highly-anticipated...
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Shopify Slump Seen as Entry Point For Traders Ahead of EarningsA recent slump in Shopify Inc.’s share price has set up a compelling entry point for investors ahead of Wednesday’s highly-anticipated earnings release, according to three new Wall Street bulls.
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