By Nate Wolf
Shares of Shopify tumbled Tuesday after the e-commerce platform reported continued top-line growth but weak revenue in the first quarter.
Revenue totaled $3.17 billion for the quarter, up 34% from a year ago and ahead of analysts' consensus estimate of $3.09 billion, per FactSet. Net income was $360 million, however -- below the $419 million Wall Street was looking for.
Shopify stock fell 7.9% in premarket trading. Shares were down 21% this year as of Monday's close of trading after a fourth-quarter earnings miss. Fears that artificial-intelligence platforms could displace legacy e-commerce software haven't helped.
Write to Nate Wolf at nate.wolf@barrons.com
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(END) Dow Jones Newswires
May 05, 2026 07:30 ET (11:30 GMT)
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