Movement Alert｜Shopify Intraday Decline 10.49%, Q3 Revenue Miss and Margin Pressure Weigh on Shares

Market Focus11-03 22:32

On November 3, Shopify fell 10.49% in Regular Trading, trading at $140.23/share, with turnover of $495 million.

The move followed a mixed third-quarter report: adjusted EPS of $0.49 beat consensus estimates around $0.46 to $0.47, but revenue of $3.74 billion missed expectations near $3.77 billion, while gross margin narrowed and subscription revenue was reported below expectations.

Additional disclosed figures showed gross profit of $1.781 billion, up 28% year over year, free cash flow of $816 million, up about 61%, and fourth-quarter guidance calling for revenue growth in the low-thirties percentage range and gross profit growth near 30%. Despite stronger profit and cash flow, the revenue shortfall and margin compression appear to be the main drivers of the stock's decline.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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