Shopify Expects Q1 Revenue To Grow At Low-Twenties Percentage Rate Over Q4, Expects Gross Margin To Increase ~150 bps Over Q4
Portfolio Pulse from Benzinga Newsdesk
Shopify anticipates its Q1 revenue to increase at a low-twenties percentage rate compared to Q4, with an expected gross margin improvement of approximately 150 basis points over Q4.
February 13, 2024 | 12:05 pm
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Shopify expects a significant increase in Q1 revenue at a low-twenties percentage rate over the previous quarter, alongside an improvement in gross margin by approximately 150 basis points.
The anticipated growth in revenue and improvement in gross margin are strong indicators of Shopify's financial health and operational efficiency. This positive outlook is likely to instill confidence in investors, potentially leading to an increase in the stock price in the short term.
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