Shares of Shopify (SHOP.TO)(SHOP) wobbled on Tuesday, after the company posted quarterly results that were stronger than anticipated but issued a first-quarter outlook that fell short of expectations.
Shares of the e-commerce software company fell as much as four per cent early Tuesday morning before rising in the afternoon as investors continued to digest earnings. The stock was trading at $173.95 per share on the Toronto Stock Exchange as at 2 p.m. ET, up around one per cent compared to Monday's close.
Shopify, which reports its financial results in U.S. dollars, says total sales in the fourth quarter of the year hit $2.