Shopify beats on fourth-quarter revenue, but gives mixed guidance [CNBC]
ADIDAS AG S/ADR (ADDYY)
NASDAQ:AMEX Investor Relations:
adidas-group.com/en/investors/overview
Company Research
Source: CNBC
The company said it sees revenue in the current quarter growing in the mid-20% range, while analysts were looking for revenue growth of 24.4%. Shopify said the first quarter is “consistently” its lowest gross merchandise volume quarter seasonally. An employee works at Shopify's headquarters in Ottawa, Ontario in Canada. Shopify on Tuesday reported better-than-expected sales for the fourth quarter but missed on earnings. Shares whipsawed in premarket trading. Here's how the company did: Shopify forecasted revenue in the first quarter to grow at a mid-20% percentage rate, which is roughly in line with analysts' expectations of 24.4% revenue growth, according to LSEG. “We expect the strong merchant momentum from Q4 to carry over into Q1, recognizing that Q1 is consistently our lowest [gross merchandise volume] quarter seasonally,” the company said in its earnings release. The first quarter includes the results of the holiday shopping season. Online spending jumped nearly 9
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