Shopify shares fall 9% after Q3 revenue and merchandise volume miss estimates
Overview
Shopify shares fell 9% in early trading on Tuesday after the company missed estimates for gross merchandise volume and subscription gross profit, according to CNBC. Gross merchandise volume came in at $119.15 billion against estimates of $120.03 billion.
Quarterly revenue of $3.74 billion was just below LSEG estimates of $3.75 billion. Adjusted earnings of 49 cents per share beat LSEG estimates of 46 cents.
Written by AI from the articles below · updated Nov 3, 11:27 AM ET
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- CNBC · TechnologyNewsShopify shares fall after Q3 revenue and merchandise volume miss estimates
AIShopify shares fell in early trading on Tuesday after the company missed estimates for gross merchandise volume and subscription gross profit. Gross merchandise volume came in at $119.15 billion against estimates of $120.03 billion, and quarterly revenue of $3.74 billion was just below LSEG estimates of $3.75 billion. Adjusted earnings of 49 cents per share beat LSEG estimates of 46 cents.
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