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bar1080

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bar1080

Re: None

Tuesday, 10/31/2017 12:17:58 PM

Tuesday, October 31, 2017 12:17:58 PM

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"Shopify Inc. tumbled as much as 14 percent after cracks began to appear in the company’s stellar growth rate.

The Canadian e-commerce company reported revenue that beat analysts’ estimates for the 10th-consecutive quarter, raised its full-year outlook and recorded an operating profit ahead of schedule. But the shares tumbled as analysts homed in on a slowdown in growth of gross merchandise volume, the total amount of goods and services sold through Shopify. Executives also dampened sales expectations for the first quarter of next year as the company becomes more cyclical."

https://www.bloomberg.com/news/articles/2017-10-31/shopify-beats-estimates-shares-fall-in-shadow-of-citron-report

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