Tag: downbeat

Shopify’s downbeat revenue growth forecast sends shares to six-month low

By Reuters Published May 9, 2024 Canadian e-commerce platform Shopify forecast its slowest quarterly revenue growth in two years against the backdrop of an uncertain economy and tepid consumer spending, sending its shares slumping about 20% on Wednesday. Reuters The Toronto-listed shares hit their lowest in six months and the company was on track to [...]read moreShopify’s downbeat revenue growth forecast sends shares to six-month low

Etsy forecasts downbeat first quarter on sluggish discretionary demand

By Reuters Published Feb 22, 2024 Etsy Inc on Wednesday warned of a fall in first-quarter gross merchandise sales (GMS) on weak demand for handcrafted goods and personalized gifts sold at its online marketplace. Reuters Shares of Etsy declined about 4% in extended trade, as the company also reported fourth-quarter GMS that missed market expectations. [...]read moreEtsy forecasts downbeat first quarter on sluggish discretionary demand