Shopify shares tumble 10 per cent as earnings forecast prompts jitters

Shopify shares tumbled more than 10 per cent to $153.80 on the TSX in early morning trading Tuesday as investors absorbed the Ottawa firm’s latest financial forecasts.
Although the electronic commerce specialist delivered better-than-expected results for the quarter ended March 31, it signalled revenues for the current quarter would be just two to three per cent better than the consensus forecast, prompting the early morning sell-off.
While on the face of it, this seems an odd reaction, Sh