_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 ram 300 for sale 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
_this-new-vehicle-is-better-than-anything-toyota-makes-now.webp "Scotty Kilmer")
_pickup-truck-crashes-into-car-from-behind-on-rainy-night-in-california.webp "This woman was driving on a rainy night in california when someone crashed into her car from behind. It was a pickup truck whose driver lost control and rammed into her vehicle out of nowhere.")
_for-sale-124-2023-ram-3500-cummins-with-9-foot-duramag-aluminum-flat-bed.webp "Paul Sherry Chrysler Jeep Dodge Ram")
_should-i-buy-this-cheap-ram-3500-cummins-from-the-dealer-auction.webp "Auto Auction Rebuilds")
_for-sale-124-2019-ram-3500-longhorn-mega-cab-drw-124-ho-cummins-huge-tow-rating-124-review.webp "Paul Sherry Chrysler Jeep Dodge Ram")
⏲ 6 minutes 15 seconds 👁 193
_2013-dodge-ram-1500-r-t-for-sale.webp "Exotic Motorsports of Oklahoma")
_man-who-had-one-of-britain39s-largest-beer-collections-has-gone-from-10300-to-three.webp "A man has been forced to sell the UK's largest collection of beer cans for £25k - after it got so big he needed an extension. <br/><br/>Nick West, 65, had been gathering an impressive collection of unusual and rare cans for 42 years and had amassed 10,300 of them at his peak.<br/><br/>The father-of-two from North Somerset initially made the “heartfelt” decision to trim down his £25,000 collection - to just 1,500.<br/><br/>But two years ago, the couple moved to Ledbury, Herefordshire from Langford, in North Somerset - having previous lived in Clevedon for 33 years.<br/><br/>Moving to a smaller home meant Nick had to finally sell the remaining 1,497 cans because the couple had 'no space left for them'.<br/><br/>And he has now been left with just THREE in his once booming collection.<br/><br/>He sold the remaining cans to a couple of Italian dealers who travelled all the way from Italy especially to collect his precious collection.<br/><br/>Nick said: \")
_2023-ram-3500-crew-cab-laramie-night-edition-4x4-for-sale.webp "Rainier Dodge Ram Of Olympia, WA")
_this-new-vehicle-is-better-than-anything-toyota-makes-now.jpg)
_pickup-truck-crashes-into-car-from-behind-on-rainy-night-in-california.jpg)
_for-sale-124-2023-ram-3500-cummins-with-9-foot-duramag-aluminum-flat-bed.jpg)
_should-i-buy-this-cheap-ram-3500-cummins-from-the-dealer-auction.jpg)
_for-sale-124-2019-ram-3500-longhorn-mega-cab-drw-124-ho-cummins-huge-tow-rating-124-review.jpg)
_2013-dodge-ram-1500-r-t-for-sale.jpg)
_man-who-had-one-of-britain39s-largest-beer-collections-has-gone-from-10300-to-three.jpg)
_2023-ram-3500-crew-cab-laramie-night-edition-4x4-for-sale.jpg)
![[+]](/images/menu.gif){kind=small}