Shopify reported higher revenue in Q3 but, despite the news, the final numbers fell short of expectations and the company’s stock took a hit in premarket trading Thursday before rebounding later in the day.
The e-commerce platform reported revenues of $1.12 billion for the quarter ending Sept. 30 — 46% year-over-year — and earnings per share (EPS) of 81 cents. Analysts were expecting earnings of $1.23 per share on revenue of $1.15 billion. Gross merchandise volume (GMV) also came in below...
https://www.freightwaves.com/news/shopify-fails-to-impress-investors-despite-46-q3-revenue-growth