Jim Cramer finds Shopify’s financial guidance puzzling despite strong quarter.

February 13, 2024
1 min read

TLDR: CNBC’s Jim Cramer criticized Shopify’s financial guidance for the first quarter of 2024, calling it “quizzical” after the company reported a strong fourth quarter. While Shopify delivered strong revenue growth and profitability, its lower-than-expected margin guidance for Q1 2024 weighed on investor confidence, causing the stock to drop 10%. The company attributed the higher expenses to increased marketing and employee-related costs. Cramer will speak with Shopify President Harley Finkelstein on “Mad Money” to discuss the quarterly results.

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