Shares of Canadian e-commerce company Shopify dropped after reporting a surprise loss on earnings.
The stock slipped more than 5% on Tuesday after Shopify posted an earnings loss of 25 cents in the third quarter, missing analysts' estimates of 11 cents gain, according to FactSet.
However, CNBC's Jim Cramer said investors will regret selling Shopify as the company ramps up spending to grow.Squawk on the Street " on Tuesday. "I defy Shopify, defy the sellers of Shopify. You will regret that you sold it. You don't know what you are doing. I like the stock." Shopify said in June it planned to spend over $1 billion for more fulfillment centers to compete with
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Holly Willoughby shares rare picture of three children playing on the beachThis Morning presenter Holly Willoughby shared the rare snap as the half term break ended
Read more »
Kourtney Kardashian shares new photo of son Mason next to heartbroken emoji in sweet tributeKourtney Kardashian shared a heartbroken emoji next to a photo of her son Mason as he is growing up quickly. The doting mum shares children Mason, Penelope and Reign with ex-partner Scott Disick
Read more »
Kylie Jenner Shares a Never-Before-Seen Photo of Her Baby Bump.KylieJenner's throwback photo is so sweet! ❤️
Read more »
Exclusive: The Queen's right-hand woman Angela Kelly shares rare personal anecdotes in new bookIn a world exclusive, HELLO! magazine has published extracts and unseen photographs from a new book by the Queen’s dressmaker and close confidant, Angela Kelly...
Read more »
Lisa Faulkner shares more wedding day photos and reveals daughter Billie and nieces sang at ceremonyLisa Faulkner shared new photos from her and John Torode's wedding day on Thursday and revealed that her daughter Billie and her two nieces sang at the ceremony
Read more »
Ant McPartlin's ex-wife Lisa Armstrong shares why she feels 'overwhelmed and emotional' on her birthdayAnt McPartlin's ex-wife and Strictly makeup artist Lisa Armstrong posted a photo of her birthday bouquets, thanking fans and friends for their support
Read more »