_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 fg turbo for sale 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
_for-sale-beautiful-historic-home-in-tranquil-dark-skies-setting-in-the-yorkshire-dales.webp "This beautiful home is for sale in the Yorkshire Dales. It is in a tranquil setting but is in easy reach of Hawes and a railway station with services to London")
_used-ford-falcon-xr6-turbo-is-it-the-best-aussie-car-ever-made-124-redriven-used-car-review.webp "ReDriven")
⏲ 22 minutes 27 seconds 👁 52K
_stock-fg-xr6-turbo-just-how-good-is-the-aussie-legend.webp "Ross Reviews")
_this-is-how-you-do-400kw-in-a-fg-xr6-turbo-124-modified-review.webp "Ross Reviews")
_car-check-6-1000hp-sequential-xr6-turbo.webp "NicShepherdFilms")
_sinclair-explores-sale-of-over-30-of-broadcast-stations-amid-tensions-and-financial-losses.webp "Sinclair wants to sell more than 30% of its 185 owned or operated broadcast stations across the US through investment bank Moe-liss & Co. The stations considered for sale generate an estimated $1.5 billion in combined revenue for 2023-2024 and are located in major markets like Minneapolis, Portland, Pittsburgh, Austin, and Fresno. Sinclair is open to selling all or some of the 60+ stations that have been identified as potential sales. The potential sales come amid tensions within Sinclair's owning Smith family and losses of over 70% in market value over 5 years.")
⏲ 0:45 👁 940K
_custom-awd-ford-falcon-fg-turbo-0-100km-hr-under-3-seconds.webp "Paul Ellis")
_for-sale-beautiful-historic-home-in-tranquil-dark-skies-setting-in-the-yorkshire-dales.jpg)
_used-ford-falcon-xr6-turbo-is-it-the-best-aussie-car-ever-made-124-redriven-used-car-review.jpg)
_stock-fg-xr6-turbo-just-how-good-is-the-aussie-legend.jpg)
_this-is-how-you-do-400kw-in-a-fg-xr6-turbo-124-modified-review.jpg)
_car-check-6-1000hp-sequential-xr6-turbo.jpg)
_sinclair-explores-sale-of-over-30-of-broadcast-stations-amid-tensions-and-financial-losses.jpg)
_custom-awd-ford-falcon-fg-turbo-0-100km-hr-under-3-seconds.jpg)
![[+]](/images/menu.gif){kind=small}