Shopify shares tumble despite record Q3 revenue

Shopify’s share price sagged at much as 13 per cent in early morning trading Tuesday following the company’s posting of third quarter financial results.
Shopify at one point slipped briefly under $122 per share on the TSX exchange before climbing above $130, still considerably short of Monday’s closing price of $140.22.
This was despite the fact the e-commerce technology firm reported record quarterly revenues of $171.5 million (all figures U.S.), up 72 per cent year over year.