Q: Good morning,
SHOP down ~ 12% on what I thought was a decent quarter. Guessing the earnings call may not have gone so well?
SHOP down ~ 12% on what I thought was a decent quarter. Guessing the earnings call may not have gone so well?
5i Research Answer:
The quarter and outlook were good. Nothing really was negative on the call, but investors seem to pick up on possible higher tax rates and there was some questions about possible lower margins. Analysts, however, have defended the stock. There are also more AI-eats-software concerns going on in the general market today.