Future Tech

Canada's Shopify misses revenue expectations

Tan KW
Publish date: Thu, 28 Oct 2021, 07:29 PM
Tan KW
0 464,873
Future Tech

Canada's Shopify Inc's third-quarter revenue fell short of Wall Street estimates, hurt by stiff competition as rivals invest more money to develop their e-commerce platforms.

The company's revenue rose 46% to $1.12 billion in the third quarter from a year earlier, but still came in below analysts' average estimate of $1.14 billion, according to Refinitiv data.

 


  - Reuters

 

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