Shopify Shares Fall in Premarket After 3Q Results Miss Estimates
Shopify's revenue, gross profit and merchant transaction volumes narrowly missed analyst expectations in 3Q, sending shares lower in premarket trading. Revenue rose 32% to $3.74 billion, just below FactSet consensus of $3.75 billion; gross profit was $1.781 billion, also below expectations.
Shopify's revenue, gross profit, and merchant transaction volumes narrowly missed analyst expectations in 3Q, sending the stock down in premarket trading. Revenue rose 32% to $3.74 billion, narrowly trailing FactSet consensus of $3.75 billion, while gross profit of $1.781 billion also edged below e…