Shopify shares sink as company posts Q1 loss, forecasts slower revenue growth

📆 08/05/2024 12:09:00
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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.

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 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.

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