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Shopify sees second-quarter revenue above estimates, profit view drags shares
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Shopify sees second-quarter revenue above estimates, profit view drags shares
May 26, 2025 3:58 AM

May 8 (Reuters) - Shopify ( SHOP ) forecast

second-quarter revenue above Wall Street estimates on Thursday,

signaling the e-commerce company was steadily pulling in sellers

even as global trade uncertainty threatens to hit retail

businesses.

U.S.-listed shares of the company, however, dropped more

than 6% in premarket trading. Shopify ( SHOP ) projected current quarter

gross profit dollars to grow at a high-teen percentage rate.

Analysts were expecting a 20.2% rise.

Shopify's ( SHOP ) upbeat sales forecast comes as a respite amid a

slew of lowered or withdrawn company outlooks, as Corporate

America scrambles to adjust to trade tensions brought on by U.S.

President Donald Trump's sweeping tariff plans.

E-commerce industry leader Amazon ( AMZN ) last week

forecast June quarter sales largely above estimates, and noted

it had not seen any slowdown in demand or notable changes to

consumer behavior yet.

Ontario, Canada-based Shopify ( SHOP ) said it expects revenue to

grow in the mid-twenties percentage range in the current

quarter, while analysts on average estimate growth of 22.4%,

according to data compiled by LSEG.

Shopify ( SHOP ) reported revenue of $2.36 billion for the first

quarter ended March 31, compared with analysts' average estimate

of $2.33 billion.

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