Shopify reported strong Q2 sales growth, yet large ETF selling, a high price-to-earnings ratio and cooled short-term momentum balance each other so the story does not change the company outlook.
Shopify reported second-quarter revenue rose 34% to $3.58 billion. The stock fell about 8% after large ETF selling and short-term momentum cooled. Those mixed facts leave the company's outlook unchanged for now.
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