Shopify shares plunge 18% on weak guidance

The corporate logo of e-commerce company Shopify hangs at the building that contains the offices of Shopify Commerce Germany GmbH on August 08, 2022 in Berlin, Germany.Shopify reported first-quarter earnings and sales on Wednesday that were ahead of Wall Street expectations, but it gave a downbeat forecast for the current quarter.Shares dropped as much as 18% in premarket trading.Here's how the company did for the quarter, compared with consensus expectations from LSEG:Earnings per share: 20 cents adjusted ...