News Formal

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

  • 📰 SooToday
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 85%

United States News News

United States United States Latest News,United States United States Headlines

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.

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:

 /  🏆 8. in US
 

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

United States United States Latest News, United States United States Headlines

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

The Week Ahead: BoC Financial System Review; Shopify earningsA look at what investors will be watching in the upcoming week
Source: BNNBloomberg - 🏆 83. / 50 Read more »