Shopify stock fell Wednesday on December-quarter earnings, revenue and gross merchandise volume that topped consensus estimates. Management provided a general 2022 revenue outlook for SHOP stock as the coronavirus emergency fades.
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Canada-based Shopify (SHOP) reported fourth-quarter earnings before the market open on Wednesday.
For the quarter ending Dec. 31, Shopify earnings came in at $1.36 cents per share on an adjusted basis, down 14% from the year-earlier period. Revenue rose 41% to $1.38 billion, said the company.
Analysts expected Shopify earnings of $1.30 a share on revenue of $1.34 billion. A year earlier, Shopify earned $1.58 per share on revenue of $978 million.
Gross merchandise volume from merchant customers rose 31% to $54.1 billion vs. estimates of $53.03 billion.
Shopify stock fell 4% to near 854 before the market open on the stock market today. Heading into…
