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Why Shopify Stock Was Sinking Today

TheMotleyFool

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Why Shopify Stock Was Sinking Today: https://g.foolcdn.com/editorial/images/721090/online-clothes-shopping-e-commerce.jpg

Shares of Shopify (NYSE: SHOP) were heading lower today after the e-commerce software leader beat estimates on the top and bottom lines in its fourth-quarter earnings report, but missed the mark with its guidance.

As of 10:35 a.m. ET, the stock was down 14.3%.

Shopify reported 26% revenue growth in the fourth quarter, or 28% in constant currency, to $1.73 billion, which topped the consensus at $1.65 billion.

Source Fool.com

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