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Shopify falls 7% after Q3 revenue and merchandise volume miss estimates

Shopify fell 9% on Q3 revenue and merchandise volume misses.

Context

What happened: Shopify stock fell after the e-commerce platform's Q3 revenue and gross merchandise volume missed estimates, despite an adjusted earnings beat. Why it matters: The stock decline followed the revenue and volume misses, even as adjusted earnings came in above estimates.

What changed

Shopify stock fell after the e-commerce platform's Q3 revenue and gross merchandise volume missed estimates, despite an adjusted earnings beat.

Why it matters

The stock decline followed the revenue and volume misses, even as adjusted earnings came in above estimates.

Sources

cnbc