_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 nio 2021 forecast 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
_i-was-wrong-about-nio-and-the-nio-stock-price-prediction-unbelievable-best-stocks-to-buy-now.webp "Stock Moe")
⏲ 13 minutes 13 seconds 👁 76K
_damaging-storms-sweep-through-louisiana-and-surrounding-states.webp "Severe storms led to multiple tornado threats in Louisiana on the evening of May 13.")
_2021-nio-stock-price-prediction-this-should-be-massive.webp "Stock Moe")
_nio-stock-predictions-for-2021-update-nio-day-was-massive.webp "Positive Investing")
_massive-nio-stock-analysis-with-q3-numbers-nio-stock-price-prediction-2021-amp-stock-moe-patreon.webp "Stock Moe")
⏲ 10 minutes 23 seconds 👁 15.7K
_nio-stock-is-going-to-36100-nio-2021-price-prediction-nio-stock-analysis.webp "Short The Vix")
⏲ 10 minutes 1 second 👁 975
_week-ahead-1392-0592-2024-warm-sun-between-the-showers-met-office-weather-forecast-uk.webp "This is the Met Office UK Weather forecast for the week ahead 13/05/2024. With low pressure dominating the UK weather scene there’s going to be rain around and indeed some heavy showers should be expected this week. But In late Spring between the showers when the sun is out there’s warmth to be had too. Bringing you this weekend’s weather forecast is Alex Deakin.")
⏲ 3:54 👁 1.2M
_stock-moe-nio-stock-price-prediction-for-2020-2021-2022.webp "Stock Moe")
_i-was-wrong-about-nio-and-the-nio-stock-price-prediction-unbelievable-best-stocks-to-buy-now.jpg)
_damaging-storms-sweep-through-louisiana-and-surrounding-states.jpg)
_2021-nio-stock-price-prediction-this-should-be-massive.jpg)
_nio-stock-predictions-for-2021-update-nio-day-was-massive.jpg)
_massive-nio-stock-analysis-with-q3-numbers-nio-stock-price-prediction-2021-amp-stock-moe-patreon.jpg)
_nio-stock-is-going-to-36100-nio-2021-price-prediction-nio-stock-analysis.jpg)
_week-ahead-1392-0592-2024-warm-sun-between-the-showers-met-office-weather-forecast-uk.jpg)
_stock-moe-nio-stock-price-prediction-for-2020-2021-2022.jpg)
![[+]](/images/menu.gif){kind=small}