Shopify’s Third-Quarter Results Eclipsed by Fourth-Quarter Fears
- Stock pullback signals jitters over holiday e-commerce outlook
- Near-term downside risk for shares post-earnings, analysts say
Photographer: Kevin Van Paassen/Bloomberg
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Investors in Shopify Inc. are looking beyond its third-quarter earnings even before they’re announced, as worsening global supply-chain delays raise questions about the outlook for holiday shopping in the fourth quarter.
“There’s a lot of debate as to whether or not the macro climate is going to add any kind of headwind to the holiday season,” Ken Wong, an analyst with Guggenheim Securities LLC, said in an interview Monday.