Shopify shares tumble 5 per cent as earnings forecast prompts jitters

Shopify shares tumbled five per cent to $163.50 on the TSX on 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 an early morning sell-off.
While on the face of it, this seems an odd reaction, Shopify shares have in recent mon