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SHOP Oct 2024 70.000 call
| Previous close | 14.90 |
| Open | 14.55 |
| Bid | 0.00 |
| Ask | 0.00 |
| Strike | 70.00 |
| Expiry date | 2024-10-18 |
| Day's range | 14.50 - 14.99 |
| Contract range | N/A |
| Volume | |
| Open interest | 239 |
- Yahoo Finance Video
Earnings, DOJ's Tesla probe, Reddit's guidance: 3 Things
Uber (UBER), Lyft (LYFT), Twilio (TWLO), and Shopify (SHOP) are the latest companies to report earnings after the bell on Tuesday and before Wednesday's market open. The US Department of Justice (DOJ) is looking into supposed securities and wire fraud as part of its probe into Tesla's (TSLA) Autopilot capabilities and full-self driving functions, according to a Reuters report. Reddit (RDDT) shares continue to surge in Wednesday's pre-market session after topping first-quarter earnings estimates and reporting a spike in daily active users. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
Barrons.comShopify Earnings Topped Estimates. Why the Stock Is Tumbling.
Shopify stock was plummeting Wednesday after the e-commerce company swung to a surprise loss in its fiscal first quarter. Shopify’s adjusted earnings, which excludes one-time expenses, of 20 cents a share, beat estimates for 17 cents. For the second quarter of 2024, Shopify said revenue will grow at a high-teens percentage rate on a year-over-year basis.
ReutersShopify forecasts downbeat quarterly revenue growth, shares sink
While e-commerce growth has been normalizing after a post-pandemic slump, consumers have been looking to cut down on costs, putting Shopify at a disadvantage despite price hikes and new AI-based tools.
