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$Arconic(ARNC.US$ +27% (Arconic soared 27.5% in premarket trading after the industrial parts maker agreed to be acquired by private equity firm Apollo Global for $30 per share in cash.)
$Shopify(SHOP.US$ +15% (The e-commerce platform reported-better-than expected quarterly results and also announced the sale of parts of its fulfillment operation as well as its logistics division. Shopify surged 15.6% in the premarket.)
$SolarEdge Technologies(SEDG.US$ +10% (Sol...
$Arconic(ARNC.US$ +27% (Arconic soared 27.5% in premarket trading after the industrial parts maker agreed to be acquired by private equity firm Apollo Global for $30 per share in cash.)
$Shopify(SHOP.US$ +15% (The e-commerce platform reported-better-than expected quarterly results and also announced the sale of parts of its fulfillment operation as well as its logistics division. Shopify surged 15.6% in the premarket.)
$SolarEdge Technologies(SEDG.US$ +10% (Sol...
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$Shopify(SHOP.US$ on Thursday announced it’s cutting 20% of its workforce. The news came as it reported first-quarter earnings that beat analyst estimates on both the top and bottom lines.
Shares of Shopify closed up 23% on Thursday.
Shopify is also selling 6 River Systems, the warehouse robot maker it acquired in 2019 for $450 million, to U.K. retail tech company Ocado. Terms of the Flexport and Ocado deals weren’t disclosed.
AND... $Shopify(SHOP.US$ CEO antho...
Shares of Shopify closed up 23% on Thursday.
Shopify is also selling 6 River Systems, the warehouse robot maker it acquired in 2019 for $450 million, to U.K. retail tech company Ocado. Terms of the Flexport and Ocado deals weren’t disclosed.
AND... $Shopify(SHOP.US$ CEO antho...
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Shopify, Inc. ($SHOP) is set to report corporate first-quarter earnings results on Thursday, May 04. After an early-year recovery in January following heavy losses in 2022, investors have been hesitant to bid the price higher, although a modest rally has taken shape recently. The US-listed stock price has been capped below $50 per share since earlier this year.The likelihood of a recession in the United States and Canada has cooled inves...
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1. GMV performance is strong, merchant solutions drive growth
GMV performance exceeded expectations. Shopify’s revenue in the first quarter increased by 25.8% year-on-year to US$1.51 billion, which was better than the market’s expected US$1.43 billion, mainly due to the outstanding performance of GMV and the strong growth of merchant solutions. In the first quarter, the gross merchandis...
1. GMV performance is strong, merchant solutions drive growth
GMV performance exceeded expectations. Shopify’s revenue in the first quarter increased by 25.8% year-on-year to US$1.51 billion, which was better than the market’s expected US$1.43 billion, mainly due to the outstanding performance of GMV and the strong growth of merchant solutions. In the first quarter, the gross merchandis...
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$Shopify Inc(SHOP.CA$ , said on Thursday it would let go 20% of its workforce in a second round of layoffs and sold its logistics arm to freight forwarder Flexport, sending its U.S.-listed shares up 16% in premarket trading.
The company also reported better-than-expected results for the first quarter, as more merchants used its online tools and targeting services to attract customers tackling high inflation.
A host of new...
The company also reported better-than-expected results for the first quarter, as more merchants used its online tools and targeting services to attract customers tackling high inflation.
A host of new...
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