Shopify Stock Plunges on Q3 Revenue, Profit Miss — SkimNews
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- Shopify stock plunged after Q3 gross operating profit and revenue came in below expectations, with Yahoo Finance's coverage adding that total order value also fell short of Wall Street estimates.
- Shopify's own release framed the same quarter as sustained rapid growth, reporting revenue up 32% and a free cash flow margin of 22%.
Why it matters: The tension investors are pricing is concrete: Shopify's own numbers show 32% revenue growth and a 22% free cash flow margin, yet the shares plunged once Q3 results missed Wall Street estimates. Holders of the stock absorbed the gap between the company's growth story and the market's bar.
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