_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 animorphs 29 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
_dance-deewane-4-11th-may-2024-ep-29.webp "Dance Deewane 4 11th May 2024 - EP 29")
_ntts-animorphs-124-book-29-the-sickness.webp "Eezee's Emporium")
_impromptu-alien-brain-surgery-time-124-animorphs-29-cc.webp "Dead Good Book Reviews")
_opinionated-animorphs-book-guide-29-the-sickness-2-2.webp "poparena")
_animorphs-29-the-sickness.webp "Animorphs Readalong Broadcast")
_celtics-can39t-play-al-horford-big-minutes-w92-dan-greenberg-124-celtics-beat.webp "Dan Greenberg covers the Boston Celtics for Barstool Sports. Dan joins the program to discuss Al Horford's age, how Jayson Tatum can silence his critics, and whether the C's can look ahead to their next opponent. Twitter: @StoolGreenie<br/><br/><br/><br/>3:07 What does Cleveland have to do to steal another game?<br/><br/>12:56 Jarrett Allen’s potential impact<br/><br/>17:29 Al Horford’s shot can’t fall off<br/><br/>35:16 Dissecting the Tatum discourse<br/><br/>45:00 Knicks-Pacers series<br/><br/><br/><br/>Available for download on iTunes and Spotify on Sunday, May 12th, 2024. Celtics Beat is powered by PrizePicks, Arena Club, and GameTime. PrizePicks is the official daily fantasy sponsor of CLNS Media. Download the PrizePicks app today and use the promo code CLNS for a first deposit match up to $100! Go to ArenaClub.com and use the code CLNS for 40% off your first pack! Download the GameTime app and use the code CLNS for $20 off your first purchase!")
_opinionated-animorphs-book-guide-29-the-sickness-1-2.webp "poparena")
_dance-deewane-4-11th-may-2024-ep-29.jpg)
_ntts-animorphs-124-book-29-the-sickness.jpg)
_impromptu-alien-brain-surgery-time-124-animorphs-29-cc.jpg)
_opinionated-animorphs-book-guide-29-the-sickness-2-2.jpg)
_animorphs-29-the-sickness.jpg)
_celtics-can39t-play-al-horford-big-minutes-w92-dan-greenberg-124-celtics-beat.jpg)
_opinionated-animorphs-book-guide-29-the-sickness-1-2.jpg)
![[+]](/images/menu.gif){kind=small}