Shopify slid nearly 5% in premarket trading as it experienced 28.32 percent decrease over earnings

Tiger Newspress2021-10-28

Shopify (NYSE:SHOP) reported quarterly earnings of $0.81 per share. This is a 28.32 percent decrease over earnings of $1.13 per share from the same period last year. The company reported $1.12 billion in sales this quarter. This is a 46.47 percent increase over sales of $767.40 million the same period last year.

Its shares slid nearly 5% in premarket trading.

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