Why Shopify Stock Was Sinking Today

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.

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Source Fool.com