Live On CNBC, Shopify President Harley Finkelstein Discusses Company Q1 Results, "Shares Plunge On Weak Guidance"
Portfolio Pulse from Benzinga Newsdesk
On CNBC, Shopify President Harley Finkelstein discussed the company's Q1 results, highlighting that shares plunged due to weak guidance.
May 08, 2024 | 1:53 pm
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Shopify's shares plunged following the company's Q1 earnings call, where weak guidance was provided.
The direct mention of Shopify's shares plunging due to weak guidance provided by President Harley Finkelstein indicates a negative short-term impact on the stock. The company's guidance is a critical factor in investor sentiment, and negative guidance typically leads to a decrease in stock price as it did in this case.
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