_shopify-stock-plummets-19-as-slower-sales-growth-forecasted-for-q2shopify-drops-19.jpg "Shopify Stock Plummets 19% as Slower Sales Growth Forecasted for Q2Shopify Drops 19% from rasimantra hot slow Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:37
👁 View: 1.2M times
✓ Published: 10-May-2024
👁 View: 1.2M times
✓ Published: 10-May-2024
Description:
Shopify's stock price fell 19% after the company forecast slower sales growth for the second-quarter, down from previous quarters. Adjusting for the sale of its logistics business. Shopify indicated that the sale of its logistics business to Flexport would impact its future financial projections. Chief Financial Officer Jeff Hoffmeister noted that a strong U.S. dollar and weaker consumer spending in Europe, particularly in the United Kingdom, are also expected to affect the company's forward guidance. Shopify reported first-quarter revenue growth of 29%, the fourth quarter in a row exceeding 25% growth.
Shopify's stock price fell 19% after the company forecast slower sales growth for the second-quarter, down from previous quarters. Adjusting for the sale of its logistics business. Shopify indicated that the sale of its logistics business to Flexport would impact its future financial projections. Chief Financial Officer Jeff Hoffmeister noted that a strong U.S. dollar and weaker consumer spending in Europe, particularly in the United Kingdom, are also expected to affect the company's forward guidance. Shopify reported first-quarter revenue growth of 29%, the fourth quarter in a row exceeding 25% growth.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_south-actress-raasi-romantic-songs-collection.webp "Best Entertainment 4U Forever")
_rafael-nadal-tennis-icon-waves-goodbye-to-hometown-madrid-for-one-last-time-as-he-looks-to-end-career-with-one-final-maj.webp "As Rafael Nadal has prolonged the inevitable as the back end of his tennis career has slowly petered out with injury, what mark does he leave behind on the game and how far away is the Spaniard from going out with one final title to his name."){kind=icon}
_raasi-hot.webp "chokher Bali")
_raasi-squeezed.webp "dkfjfkdkffk")
_ambulances-diverted-from-39several39-hospitals-due-to-ascension-healthcare-network-hit-by-cyberattack.webp "A major cyberattack has disrupted operations at Ascension, a large US healthcare network with 140 hospitals. Ascension has diverted some ambulances from \")
⏲ 0:45 👁 970K
_no-pay-rise-for-slow-and-lazy-civil-servants-says-anwar.webp "The prime minister says potential investors are put off coming to Malaysia by its slow-moving bureaucracy.<br/><br/>Read More: https://www.freemalaysiatoday.com/category/nation/2024/05/05/no-pay-rise-for-slow-and-lazy-civil-servants-says-anwar/ <br/><br/>Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.<br/><br/>Subscribe to our channel - http://bit.ly/2Qo08ry<br/>------------------------------------------------------------------------------------------------------------------------------------------------------<br/>Check us out at https://www.freemalaysiatoday.com<br/>Follow FMT on Facebook: https://bit.ly/49JJoo5<br/>Follow FMT on Dailymotion: https://bit.ly/2WGITHM<br/>Follow FMT on X: https://bit.ly/48zARSW <br/>Follow FMT on Instagram: https://bit.ly/48Cq76h<br/>Follow FMT on TikTok : https://bit.ly/3uKuQFp<br/>Follow FMT Berita on TikTok: https://bit.ly/48vpnQG <br/>Follow FMT Telegram - https://bit.ly/42VyzMX<br/>Follow FMT LinkedIn - https://bit.ly/42YytEb<br/>Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj<br/>Follow FMT on WhatsApp: https://bit.ly/49GMbxW <br/>------------------------------------------------------------------------------------------------------------------------------------------------------<br/>Download FMT News App:<br/>Google Play – http://bit.ly/2YSuV46<br/>App Store – https://apple.co/2HNH7gZ<br/>Huawei AppGallery - https://bit.ly/2D2OpNP<br/><br/>#FMTNews #AnwarIbrahim #NoPayRaise #LazyCivilServant")
_airbnb39s-q1-earnings-beat-expectations-shares-fall-in-after-hours-trading.webp "Airbnb's net income more than doubled in the first quarter compared to the same period last year, though revenue growth was slower at 18%. Earnings per share beat analyst estimates, helped by the timing of Easter holiday revenues. Strong earnings growth was partly driven by one-time factors like the additional leap day and the shift of Easter occurring earlier. Airbnb shares fell around 7% in after-hours trading.")
_cat-does-exercise-on-cat-wheel.webp "Missy the cat decided to get some exercise by using her cat wheel. She started with a slow walk which soon developed into a gallop. However, as soon as she started running, she got off the wheel and walked off.")
_south-actress-raasi-romantic-songs-collection.jpg)
_rafael-nadal-tennis-icon-waves-goodbye-to-hometown-madrid-for-one-last-time-as-he-looks-to-end-career-with-one-final-maj.jpg){kind=icon}
_raasi-hot.jpg)
_raasi-squeezed.jpg)
_ambulances-diverted-from-39several39-hospitals-due-to-ascension-healthcare-network-hit-by-cyberattack.jpg)
_no-pay-rise-for-slow-and-lazy-civil-servants-says-anwar.jpg)
_airbnb39s-q1-earnings-beat-expectations-shares-fall-in-after-hours-trading.jpg)
_cat-does-exercise-on-cat-wheel.jpg)
![[+]](/images/menu.gif){kind=small}