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Benzinga
Benzinga
Business
Adam Eckert

Why Shopify Shares Are Sliding

Shopify NYSE Shopify Inc

Shopify Inc (NYSE:SHOP) shares are trading lower Thursday after the company reported earnings results that were down year-over-year and forecasted slowing revenue for the first half of the year. 

Shopify said first-quarter revenue increased 22% year-over-year to $1.2 billion, which was up from $988.65 million year-over-year. The company reported quarterly adjusted earnings of 20 cents per share, which was down from $2.01 per share year-over-year.

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