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%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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.

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 SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

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

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…
Source: calgaryherald - 🏆 64. / 52 Read more »

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…
Source: OttawaCitizen - 🏆 21. / 68 Read more »

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
Source: globeandmail - 🏆 5. / 92 Read more »

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.
Source: BNNBloomberg - 🏆 83. / 50 Read more »