Digital may have changed the face of retail, but consumers continue to want to shop in stores, demanding that even the most eCommerce-centric companies such as Shopify adapt.The commerce platform shared Wednesday (May 8) in an investor presentation accompanying its first-quarter 2024 financial results that it saw gross merchandise value (GMV) from its offline segment grow 32% year over year, describing this area as a “key growth lever in 2024 and beyond.”On a call with analysts, Shopify Chief Financial Offi ...

Shopify delivered solid first-quarter results, but its guidance disappointed.Shares of Shopify (SHOP -19.02%) were getting torched today after the high-priced e-commerce stock posted solid results in the first quarter, beating estimates, but investors balked at its outlook for the second quarter.As a result, the stock was down 19.8% as of 10:39 a.m. ET on Wednesday. Shopify comes up shortThe e-commerce company delivered solid results in the first quarter, but the stock's price tag comes with high expectatio ...

Shopify Inc. (NYSE:SHOP) Q1 2024 Earnings Call Transcript May 8, 2024 8:30 AM ET Company Participants Carrie Gillard - IR Harley Finkelstein - President Jeff Hoffmeister - CFO Conference Call Participants Trevor Young - Barclays Matt Coad - Autonomous Mark Zgutowicz - Benchmark Andrew Boone - JMP Securities Ian Peterson - Evercore ISI Michael Morton - MoffettNathanson Martin Toner - ATB Capital Andrew Bauch - Wells Fargo Samad Samana - Jefferies Carrie Gillard Good morning, and thank you for joining Shopify ...

This is the perfect example of a good company but an expensive stock.In this video, I will cover Shopify's (SHOP -19.99%) first-quarter earnings report, which beat on the top and bottom lines, but that wasn't enough to satisfy the market.*Stock prices used were from the trading day of May 7, 2024. The video was published on May 8, 2024. ...

Key TakeawaysShopify gave weaker-than-expected current-quarter guidance as its quarterly revenue continued to slide.The e-commerce firm posted a net loss on the impact of the sale of its logistics business last year.First-quarter adjusted earnings and revenue exceeded forecasts. Shares of Shopify (SHOP) plunged in intraday trading Wednesday after the e-commerce firm gave guidance that was lower than forecasts as sales growth slowed and its results were impacted by the sale of its logistics business last yea ...

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Q1 2024 Financial Results May 8, 2024 Advisories This presentation contains forward-looking statements that are based on our management's current estimates, beliefs and assumptions, which are based on management's perception of historic trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. Although we believe that the plans, intentions, expectations, assumptions and strategies reflected in these forward-looking stateme ...

Shopify Inc (NYSE:SHOP) is down 19.5% at $62.06 at last check, and earlier gapped to its lowest level since November after the e-commerce name missed first-quarter revenue estimates. The company also predicted year-over-year revenue to drop over the second quarter as consumer spending slows down.Shares are today on track for their biggest single-day percentage drop on record. This bear gap also placed SHOP below a floor at $68 - $70, which contained an April pullback, after running into resistance at $78. S ...

Shopify (SHOP) reported $1.86 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 23.4%. EPS of $0.20 for the same period compares to $0.01 a year ago.The reported revenue represents a surprise of +1.36% over the Zacks Consensus Estimate of $1.84 billion. With the consensus EPS estimate being $0.16, the EPS surprise was +25.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...