Shopify stock soars 28% on earnings, logistics unit sale

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

España Noticias Noticias

Shopify soars 28% on strong earnings and sale of logistics unit, plans to slash headcount

On Thursday, the company confirmed the reports, announcing it had sold its logistics unit to freight company Flexport. The deal includes the sale of Deliverr, a shipping service Shopify bought last year for $2.1 billion.

Like many online retail rivals, Shopify had focused on warehouse investments as the pandemic fueled longer-term expectations for e-commerce growth. In the new deal, Shopify will receive aMeanwhile, the UK's Ocado Group agreed to purchase Shopify'sShopify's first-quarter revenue came in at $1.51 billion, surpassing estimates of $1.43 billion and adding $0.01 per share. The company benefited from its integration on the websites of other businesses, such as Mattel and Coty.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 729. in ES

España Últimas Noticias, España Titulares