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

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 50%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Following the latest set of earnings from Shopify Inc., experts are split regarding the stock’s ability to provide value for investors.

, 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.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 83. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

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…
La source: calgaryherald - 🏆 64. / 52 Lire la suite »

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…
La source: OttawaCitizen - 🏆 21. / 68 Lire la suite »

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
La source: globeandmail - 🏆 5. / 92 Lire la suite »

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.
La source: BNNBloomberg - 🏆 83. / 50 Lire la suite »