The high expectations were not met.
In this video, I will be going over Shopify's (SHOP -2.37%) fourth-quarter earnings report and will explain why the stock is down despite a beat. Last quarter, management told us that 2022 would be a transition year, so I expect 2023 to be the year of execution.
*Stock prices used were from the trading day of Feb. 15, 2023. The video was published on Feb. 16, 2023.
Neil Rozenbaum has positions in Shopify. The Motley Fool has positions in and recommends Shopify. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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