Shopify is trading at $141.75, down 9.26%, after GMV and subscription revenue missed analyst estimates.
- November 3 results beat adjusted EPS expectations; GMV ($119.15 billion) and subscription revenue ($836 million) missed estimates, overshadowing revenue growth.
- Q4 guidance called for low-thirties revenue growth and high-twenties gross-profit growth; the revenue miss was reported as the first in four years.
- Broader markets were mixed; the earnings release was the clearest company-specific catalyst. Live trading volume was not provided.