Shopify disappoints Wall Street despite Q4 earnings beat
02/13/2024 23:33
Shopify (SHOP) stock is under pressure, despite beating fourth-quarter earnings estimates while its outlook did not impress Wall Street. Even while outpacing top and bottom line expectations, what will companies like Shopify need to do to appease analyst forecasts? D.A. Davidson Managing Director Gil Luria joins Yahoo Finance Live to discuss the changing expectations of Wall Street and how Shopify may hold up. “Where the stock is right now, is where it was a week ago,” Luria says, noting that Shopify's 2023 achievements will not be replicated in 2024. Luria states Shopify's growth "has a lot of layers" due to alterations to its business model. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Eyek Ntekim
Shopify (SHOP) stock is under pressure, despite beating fourth-quarter earnings estimates while its outlook did not impress Wall Street. Even while outpacing top and bottom line expectations, what will companies like Shopify need to do to appease analyst forecasts?
D.A. Davidson Managing Director Gil Luria joins Yahoo Finance Live to discuss the changing expectations of Wall Street and how Shopify may hold up.
“Where the stock is right now, is where it was a week ago,” Luria says, noting that Shopify's 2023 achievements will not be replicated in 2024. Luria states Shopify's growth "has a lot of layers" due to alterations to its business model.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Eyek Ntekim