Browsing: Shopify

Shopify (NASDAQ:SHOP), the commerce software and payments platform, fell 9.15% to $141.92 at 10:05 a.m. ET on November 3 as investors digested its quarterly report. Benzinga reported mixed results, and the selling overshadowed strong revenue growth and a sharp increase in cash generation. The pressure point: rapid expansion still left investors wanting more.

Shopify (SHOP) shares are tumbling following the company’s latest earnings report. Sherwood News Head of Markets Luke Kawa joins The 8:30 hosts Jake Conley and Pras Subramanian to break down what’s driving the sell-off.

Apple, Palantir, Shopify, and several other major companies just reported earnings, and Wall Street is sending a clear message: Beating expectations isn’t enough when profit margins are under pressure.In this video, Eric Bleeker, CFA, Chief Investment Officer of 24/7 Wall St., breaks down the biggest earnings movers and what their results reveal about the stock…

Add preferred source Shopify shares fell more than 19% in premarket trading after the company’s third-quarter results missed estimates on gross merchandise volume and subscription revenue. Revenue rose 32% to $3.74 billion, matching consensus, while adjusted EPS of $0.49 beat the $0.47 forecast. GMV reached $119.15 billion, short of the $120.08 billion expected, and subscription…