tl;dr
Shopify Inc. (NYSE:SHOP) saw a dip in early trading following its Q4 earnings report, despite beating consensus estimates. The e-commerce giant reported a 23% increase in gross merchandise volume to $75.1B, with Merchant Solutions revenue rising by 21% to $1.6B, driven by growth in GMV and Shopify P...
Shopify Inc. (NYSE:SHOP) saw a dip in early trading following its Q4 earnings report, despite beating consensus estimates. The e-commerce giant reported a 23% increase in gross merchandise volume to $75.1B, with Merchant Solutions revenue rising by 21% to $1.6B, driven by growth in GMV and Shopify Payments penetration. Total revenue increased by 24% to $2.1B, translating to a 30% year-over-year growth after adjusting for the sale of logistics businesses.
Looking ahead, Shopify projects revenue growth in the low-twenties percentage rate, with a mid-to-high-twenties growth rate when adjusting for the impact of the sale of logistics businesses. Nevertheless, the premarket trading saw an 8.89% decline in shares, cutting into the previous three-month rally of over 35%.
More about Shopify Inc
Shopify Inc. is a commerce company that offers a commerce and service platform in various countries. The company's market cap is $111.39 billion with a P/E ratio of -0.9 and a forward P/E ratio of 5.2. The stock has a beta of -0.173 and a volume of 6,650,864,000. Currently trading at $76.89, the stock has a 52-week range of $4.858 to $0.255. The company operates in the technology sector, specifically in the services-prepackaged software industry. Market sentiment towards Shopify Inc. appears to be positive, with the stock showing a bullish trend in recent months. However, it's important to note that past performance is not always indicative of future results, and there are potential risks and uncertainties associated with investing in the stock market.
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