Shopify stock

Shopify produced a better holiday quarter than expected, but a forecast for slowing revenue growth hit the stock in late trading.

Shopify was one of the first big-name tech companies to cut staff as pandemic growth slowed down, announcing a 10% cut in July of last year. For the fourth quarter, Shopify reported a loss of $623.7 million, or 49 cents a share, on revenue of $1.73 billion, up from $1.38 billion a year ago. Shopify’s stock has taken a hit amid a slowdown in pandemic-era growth for e-commerce, though they have turned around so far in 2023. Shopify shares declined nearly 7% in after-hours trading following the release of the results, after closing with a 6.6% increase at $53.39. Analysts on average were projecting first-quarter revenue of $1.48 billion, according to FactSet, which would be revenue growth of more than 23%. [SHOP, +6.55%](/investing/stock/SHOP?mod=MW_story_quote)sells e-commerce tools to merchants, a business that escalated quickly during the pandemic, as traditional bricks-and-mortar businesses jumped online to reach customers who could not visit their stores.

Shopify Inc. tumbled in after-hours trading after giving a sales outlook for the start of the year that fell short of analysts' estimates, a sign that it ...

The Ottawa-based company said it expects first quarter revenue growth in the “high teen percentages” over last year, slightly below forecasts for 20% growth, according to a Bloomberg survey. in New York. [Shopify Inc.](/quote/SHOP:CN) tumbled in after-hours trading after giving a sales outlook for the start of the year that fell short of analysts’ estimates, a sign that it face an uneven recovery from last year’s rout.

Shopify Inc (TSX:SH., NYSE:SHOP) shares traded higher ahead of today's after-hours release of fourth-quarter results. Earnings expectations aren't...

[READ: Shopify stock jumps on record $3.36B in Black Friday sales](https://www.proactiveinvestors.com/companies/news/999596/shopify-stock-jumps-on-record-3-36b-in-black-friday-sales-999596.html) [already flagged a strong Black Friday and Cyber Monday trading](https://news.shopify.com/shopify-merchants-set-new-black-friday-cyber-monday-record-with-75-billion-in-sales), back in November, as it said merchants on the platform set a new record of US$7.5bn of sales. [last month upgraded Shopify to ‘buy’](https://ca.finance.yahoo.com/news/shopify-stock-jumps-9-after-analyst-raises-price-target-212245355.html), lifting its target price to US$50 from US$40, on the premise that more independent businesses are projected to switch to the Shopify platform in 2023. “Many leading brands are now actively looking to migrate or are in the process of migrating over from legacy/competing solutions and we note this is in sharp contrast to our conversations over the last 12 months which consistently highlighted the pace of migrations slowing." [speculative reports analysing web-traffic trends](https://www.nasdaq.com/articles/shopify-q4-earnings-today-website-traffic-showing-promise) meanwhile suggest demand may have held up. [Shopify Inc (TSX:SH., NYSE:SHOP)](https://www.proactiveinvestors.com/TSE:SH./Shopify-Inc/) shares traded higher ahead of today’s after-hours release of fourth-quarter results.

Shopify, Inc (NYSE: SHOP) was spiking up over 6% higher Wednesday as the company heads into its fourth-quarter earnings print after the close.

If that happens, the stock is likely to find support at the 200-day SMA. 3 at $54.67 and the most recent higher low was printed at the $47.33 mark on Feb. The next most likely scenario is that Shopify will consolidate sideways to form an inside bar, which would lean bullish for continuation. From a technical analysis perspective, Shopify’s stock looks bullish heading into the event, having regained the 200-day simple moving average (SMA) and working to print a bullish kicker candlestick. The Shopify Chart: Shopify reversed into its most recent uptrend on Dec. When a stock’s RSI reaches or exceeds 70% it becomes overbought, which can be a sell signal for technical traders. Shopify beat a consensus estimate by 8 cents but missed the revenue estimate of $1.83 billion. 27, the stock closed up 0.26% the following day before continuing in its uptrend, where Shopify topped out at the $45.06 mark on Dec. Shopify’s most recent higher high was formed on Feb. The new price target suggests about 3% upside for Shopify. When the Canadian multinational e-commerce company printed a third-quarter EPS beat Oct. [For the third quarter](https://www.benzinga.com/news/earnings/22/10/29433418/recap-shopify-q3-earnings), Shopify reported an earnings loss of 2 cents per on revenues of $1.37 billion.

Shares of Shopify sank in after-hours trading, falling more than 8 per cent after the company announced fourth-quarter financial results.

[COVID-19 pandemic](https://www.theglobeandmail.com/topics/coronavirus/), e-commerce companies and their stocks soared before last year. Investors expected “more upside to growth, not a deceleration,” he added, particularly after “the big price increases announced last month.” “Costs appear to be at a trajectory that may translate to a loss,” Mr. Its basic plan now costs $51 per month, up from $38, while its mid-range plan went to $132 from $99 per month. … Over time, profitability will take care of itself.” 31, 2022, while adjusted operating income dropped to US$61-million from US$130.2-million a year earlier.

Shopify Inc (TSX:SH., NYSE:SHOP) stock fell around 6% in after hours trade, after a strong session earlier in New York, as the e-commerce firm failed to wow ...

For the full year, Shopify had US$5.6bn of total revenue marking a 21% improvement on 2021, and it said gross profit was up 11% at US$12.8bn whilst its operating loss for the year amounted to US$822.3mln. New guidance for the first quarter of 2023 sees slower revenue growth, “in the high-teen percentages” year-over-year, and gross margin is expected to be slightly higher than seen in the fourth quarter 2022. Shopify reported a fourth-quarter gross profit of US$798.5mln, up 15%, and it reported an operating loss of US$188.7mln compared to US$14.4mln of income this time last year. Revenue for the fourth quarter amounted to US$1.7bn, up 26% compared to the same period last year and slightly exceeding consensus expectations. “The strength of our Q4 and full year performance in 2022 is a testament to the resilience of our merchants,” Shopify president Harley Finkelstein It was driven by a 13% increase in merchandise volumes on Shopify’s SME-focussed e-commerce platform to US$61mln, whilst the gross volume of payments across the platform was up by 56% to US$34.2bn.

Shopify Inc on Wednesday forecast slowing revenue growth for the current quarter despite price hikes and new product launches, signaling that macroeconomic ...

TORONTO — Shopify Inc. executives warned investors and analysts that it is expecting personnel expenses to weigh on its 2023 outlook as it revealed its most ...

Shopify (SHOP) stock took a hit late Wednesday when the company reported fourth quarter GAAP earnings per share (EPS) that missed their mark. The onli.

Gold price gathered recovery momentum and climbed above $1,830 in the second half of the day on Friday. The US PPI arrived at a reading of 0.7% MoM, which was well above the 0.4% estimate from analysts. The author makes no representations as to the accuracy, completeness, or suitability of this information. GBP/USD has reversed its direction and advanced toward 1.2000 in the American session on Friday. The author will not be held responsible for information that is found at the end of links posted on this page. The author has not received compensation for writing this article, other than from FXStreet. This is also in line with the 21-day moving average that could add support value to the price action. The 10% sell-off in SHOP only pushed shares down to the $48 support level where the stock consolidated recently. It also does not guarantee that this information is of a timely nature. CEO Tobias Lütke guided for YoY revenue growth in the high teens, which demonstrates that a clear decline in platform growth seems to be expected. Despite that forward glance, Shopify added a number of significant influencer and established brands in the fourth quarter like Kim Kardashian's SKKN skincare company, Mattel, Glossier, Supreme and YouTube personality Mr. However, guidance for the first quarter of 2023 left much to be desired.

Shopify Inc. shares tumble after sales outlook fell short of analysts' estimates. Read more.

The company said Black Friday sales rose 19 per cent last year from 2021 to a record US$7.5 billion. The company cut about 1,000 jobs last July, making it an early mover in a wave of reductions that continue to roil the tech industry. Hoffmeister told analysts on a conference call that the company will be careful about costs, but still plans to invest where needed. 24, it appears that management is assuming a deceleration in economic activity.” Chief executive Tobias Lütke is working to recover from a misplaced bet that the pandemic-fuelled surge in online shopping would become permanent. Article content

Shopify disappoints with weak FQ1 guidance, causing a post-market sell-off in SHOP. But it has notched an impressive recovery. Read more on SHOP stock here.

Transform your investment strategy with our popular marketplace service - specializing in a price-action-based approach to uncovering the hottest growth and technology stocks, backed by in-depth fundamental analysis. It will also be integrated with its Deliverr service, closely linked to its Shop Promise delivery commitment that should help smaller merchants capitalize on Shopify's investment to ramp up its fulfillment capability. Join us and start seeing experiencing the quality of our service today. Management updated that the company was still discussing with Amazon ( As such, we believe the company's ongoing cost-optimization and productivity improvement efforts should help it meet its guidance of "low single-digit" growth in adjusted OpEx in FQ1. We believe Shopify's penetration with CCS will be a critical growth driver to lift its operating leverage that could help justify SHOP's growth valuation if executed successfully. Unlock the secrets of successful investing with JR Research - led by founder and lead writer JR. Shopify investors should keenly recall that the company is still integrating its Deliverr acquisition into Shopify Fulfilment Network (SFN). Accordingly, Shopify recorded a [double beat](https://seekingalpha.com/news/3936685-shopify-tops-revenue-and-gmv-expectations?source=content_type%3Areact%7Csection%3Amain_content%7Cbutton%3Abody_link) as it outperformed top and bottom line estimates for FQ4. Moreover, it is the "first meaningful change to Shopify's pricing structure in 12 years." Hence, we believe investors must consider the impact over the next few quarters, as its pricing change could also be mitigated by optimizing efficiency. Lütke will assume R&D responsibilities previously helmed by Leinwand, taking the lead in expanding the job scope and responsibilities.

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