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Shopify's Q3 revenue and GMV fell short of expectations, with its stock down 9% in early trading.
Shopify's stock fell 9% in early trading on Tuesday, according to CNBC. The company reported third-quarter revenue of $3.74 billion, slightly below LSEG's estimate of $3.75 billion. Gross Merchandise Volume (GMV) was $119.15 billion, missing StreetAccount's expectation of $120.03 billion. Adjusted earnings per share came in at 49 cents, exceeding LSEG's estimate of 46 cents. The company expects fourth-quarter revenue growth to be in the "low 30s" percentage range year-over-year, while LSEG anticipates 32.1%.
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