Shopify Stock Plummets Despite Solid 2024 Q4 Earnings – What Analysts Are Saying

OTTAWA, Canada – Shopify reported strong fourth-quarter earnings, surpassing analyst estimates, and seeing a significant increase in its merchant business. However, despite the positive results, the company’s stock plummeted as analysts scrutinized its 2024 guidance. The company’s earnings for the quarter ending Dec. 31 came in at 34 cents per share, excluding one-time items. Additionally, Shopify’s revenue rose by 24% to $2.1 billion, exceeding the expectations of analysts. While the operating margin for Q4 missed …

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