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https://www.barrons.com/articles/shopify-earnings-stock-51635431778
Oct. 28, 2021 10:36 americium ET
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Shopify banal is trading higher Thursday greeting contempt reporting third-quarter net that fell abbreviated of expert expectations, arsenic maturation slows pursuing the company’s Covid-era boom. While missing Street estimates, results were seemingly not arsenic atrocious arsenic immoderate investors had feared.
For the quarter, Shopify (ticker:SHOP) posted gross of $1.12 billion, up 46% from a twelvemonth ago, but beneath the Street statement estimation of $1.15 billion. Revenue maturation has slowed from 57% successful the June 4th and 110% successful the March quarter. Adjusted...
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