Shopify (SHOP -3.23%) shares have soared over the past year, but the rally in the e-commerce stock came to an abrupt halt on Tuesday after its fourth-quarter earnings report came out.Even though the software-as-a-service (SaaS) stock beat headline estimates, it fell 13% the day following the report, giving back some of its recent gains.Shopify's overall results were strong and show the company has recovered from the lull in e-commerce during the economic reopening that came after the pandemic. Revenue in th ...

Week to date, shares of Shopify (SHOP -2.25%) were down 9.6% as of 10:20 a.m. ET on Friday, according to data provided by S&P Global Market Intelligence.The stock fell following the e-commerce company's fourth-quarter business update. Revenue grew 24% year over year in the quarter, but Wall Street investors didn't like the company's outlook for higher operating expenses, which implies lower margins than expected.Is Shopify stock a buy?The post-earnings dip could be a good buying opportunity, as the company' ...

Shares of Uber Technologies (UBER) performed exceedingly well on Feb 14, ending the trading session at $79.15 per share, up 14.73% from Feb 13’s closing price. The uptick followed management’s announcement that it would be buying back stock for the first time in its history, thereby rewarding its shareholders.The board of directors of the ride hailing company authorized up to $7 billion in share repurchases. The decision to buyback its own stock suggests that the board believes shares are currently underval ...

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Shopify (SHOP) reported fourth-quarter 2023 adjusted earnings of 34 cents per share, comfortably beating the Zacks Consensus Estimate by 9.68%. The company reported earnings of 7 cents per share in the year-ago quarter.Total revenues jumped 23.6% year over year to $2.14 billion, which beat the Zacks Consensus Estimate by 3.66%.Quarter in DetailSubscription Solutions revenues increased 31.3% year over year to $525 million primarily due to more merchants joining the platform, as well as pricing changes for ex ...

Shopify President Harley Finkelstein told CNBC's Jim Cramer on Tuesday how the e-commerce platform is bolstering its global business."International is a massive area of growth for us," Finkelstein said. "So not only can any brand of all sizes use Shopify, but once they start selling with us, we want to make it default global, meaning we want their customer base to be global."Finkelstein said Shopify has tools that make it as easy for companies to sell internationally as it is locally, saying these processes ...

Shares of e-commerce software company Shopify (SHOP -12.04%) got knocked down on Tuesday after the company reported financial results for 2023 and set some guidance for the first quarter of 2024. As of 11:30 a.m. ET, Shopify stock was down 11%.What the market simply didn't likePrior to today's drop, Shopify stock was up about 50% in just three months. Investors were increasingly optimistic because revenue growth was picking back up and its profit margins were improving. Those are good things that the market ...

Key PointsShopify had a solid quarter and is guiding for growth, but FCF will be impaired and is weighing on the stock price.Growth is supported by accelerating merchandise volume and service penetration, so guidance may be light. Analysts see a substantial upside for the market but may trim targets now that guidance is in. 5 stocks we like better than ShopifyShares of Shopify NYSE: SHOP fell hard following the Q4 results, and for good reason. The news and guidance left the market in doubt about earnings in ...

Shopify Inc. (NYSE:SHOP) Q4 2023 Earnings Conference Call February 13, 2024 8:30 AM ET Company Participants Carrie Gillard - Investor Relations Harley Finkelstein - President Jeff Hoffmeister - Chief Financial Officer Conference Call Participants Kenneth Wong - Oppenheimer Darren Aftahi - ROTH MKM Terry Tillman - Truist Securities Daniel Chan - TD Securities Deepak Mathivanan - Wolfe Research Tyler Radke - Citi Colin Sebastian - Baird Jeff Cantwell - Seaport Research Paul Treiber - RBC Capital Richard Tse - ...

Shopify (SHOP) reported $2.14 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 23.6%. EPS of $0.34 for the same period compares to $0.07 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.07 billion, representing a surprise of +3.66%. The company delivered an EPS surprise of +9.68%, with the consensus EPS estimate being $0.31.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...