SHOP Stock Recent News

Shopify president Harley Finkelstein joins 'Squawk on the Street' to discuss the company's quarterly earnings results, Q2 guidance, strength of the consumer, growth outlook, and more.

Shares of Shopify were down by the most in the stock's history in midday trading Wednesday after the e-commerce giant reported a surprising first-quarter loss and warned that last year's sale of its logistics business could shrink revenue growth this quarter—wiping off more than a billion dollars from the net worth of billionaire CEO Tobias Lutke.

The company reported 23% revenue growth in the first quarter, and solid results in all key metrics. Adjusted profits were also better than expectations, and its free cash flow margin was 12%.

Shopify (SHOP) falls after soft 2Q guidance. Renita Young discusses this as Shopify sees 2Q gross margin declining 0.50% quarter-over-quarter and sees 2Q revenue growth in high-teens versus an estimated 19.2%.

This is the perfect example of a good company but an expensive stock.

Shares of Shopify (SHOP) plunged in intraday trading Wednesday after the e-commerce firm gave guidance that was lower than forecasts as sales growth slowed and its results were impacted by the sale of its logistics business last year.

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

While its first-quarter results were largely better than expected, the online-shopping platform must now navigate an environment of shaky consumer spending.

Shopify Inc (NYSE:SHOP) is down 19.5% at $62.06 at last check, and earlier gapped to its lowest level since November after the e-commerce name missed first-quarter revenue estimates.

Although the revenue and EPS for Shopify (SHOP) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.