Shopify Stock Sinks on Disappointing Guidance

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 ...