(C) Reuters. FILE PHOTO: An employee works at Shopify’s headquarters in Ottawa, Ontario, Canada, October 22, 2018. REUTERS/Chris Wattie
(Reuters) – Canada’s Shopify (NYSE:SHOP) 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.
Canada’s Shopify misses revenue expectations
By Reuters – Oct 28, 2021
(Reuters) – KFC owner Yum Brands Inc missed estimates for quarterly comparable sales on Thursday, hit by weaker than anticipated demand for its fried chicken and pizzas as rising…
By Reuters – Oct 28, 2021
(Reuters) – Investment management giant T. Rowe Price Group Inc said on Thursday it would buy alternative investment company Oak Hill Advisors in a $4.2 billion deal.
By Investing.com – Oct 28, 2021
Investing.com – American Electric Power (NASDAQ:AEP) reported on Thursday third quarter earnings that missed analysts’ forecasts and revenue that topped expectations.
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