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

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 50%

Business News News

Business Business Latest News,Business Business Headlines

Shopify Inc. shares tumbled after the Canadian e-commerce company reported a surprise net loss in the first quarter after the sale of its logistics business last year.

World’s Biggest Nuclear-Fusion Project Plans to Reset Without UKECB’s Wunsch Warns That Risks to Inflation Outlook PersistWorld’s Biggest Tea Buyer’s Sale of Last Farms Is a Strategy ShiftECB’s Holzmann Says Fed Is Gorilla in Room Thanks to DollarBrookfield Asset Management Sees Profit Drop in First QuarterZambia’s Currency Plunges to Record Low as Drought Saps EconomyFTX Has Billions More Than Needed to Repay Bankruptcy VictimsAir Baltic Forced to Pay Up in Second Run at Junk RefinancingWood...

More Cases Are LikelyUkraine’s Kyiv, Lviv Under Attack After More Than 1 Month PauseThe Daily Chase: Labour talks going different directions at WestJet and NestleBusiness insolvencies spike in first quarter, consumer insolvencies also riseU.S. jobs post smallest gain in 6 months as unemployment risesThe Daily Chase: U.S. payroll number comes in low, while Apple beats on earningsThere's a limit to how much interest rates in Canada and U.S.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Shopify Tumbles as Margins Fall After Sale of Logistics BusinessShopify 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.
Source: BNNBloomberg - 🏆 83. / 50 Read more »