Shopify stock price rallied following the Q3 2022 earnings report, as investors welcomed revenue growth that exceed analysts’ estimates. However, a closer look at the company’s financials reveals a continued decline in gross profit margins, and still escalating operating expenses.
Shopify Q3 2022 Earnings Review: hiding behind revenue growth
Shopify Q3 2022 Earnings Review: hiding…
Shopify Q3 2022 Earnings Review: hiding behind revenue growth
Shopify stock price rallied following the Q3 2022 earnings report, as investors welcomed revenue growth that exceed analysts’ estimates. However, a closer look at the company’s financials reveals a continued decline in gross profit margins, and still escalating operating expenses.