Shopify Shares Drop Over 8% Following Q3 Revenue and Merchandise Volume Shortfalls
Shopify's shares fell by 8.74% after the company reported its Q3 earnings, which included a revenue of $3.74 billion, slightly below LSEG estimates of $3.75 billion. Although adjusted earnings per share of 49 cents exceeded expectations, gross merchandise volume (GMV) and subscription gross profit d...