Canadian e-commerce provider Shopify forecasts downbeat quarterly revenue-March 2024-www.financetom.com

Canadian e-commerce provider Shopify forecasts downbeat quarterly revenue

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Canadian e-commerce provider Shopify forecasts downbeat quarterly revenue

May 8, 2024 4:19 AM

May 8 (Reuters) - Canadian e-commerce platform Shopify ( SHOP )

forecast downbeat second-quarter revenue on Wednesday,

as fewer merchants sign up to its platform in the wake of an

uncertain economy and tepid customer spending.

The company expects second-quarter revenue to grow at a

high-teens percentage rate year on year. Analysts estimated

revenue to grow 19.35%, according to LSEG data.

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