Shopify Stock Plunges as Third-Quarter Gross Operating Profit, Revenue, GMV Miss

Shopify (SHOP) stock plunged early Tuesday after the e-commerce platform provider reported third-quarter earnings that beat estimates, but gross operating profit, net revenue and a key financial metric fell short of Wall Street targets. Canada-based Shopify reported its September quarter results before the market opened. Shopify said third-quarter adjusted EPS increased 44% from a year earlier to 49 cents, surpassing…