Shopify Inc. shares tumbled after the Canadian e-commerce company reported a surprise net loss in the first quarter after the sale of its logistics business last year.The company posted a loss of $273 million after a profit of $68 million a year earlier. The loss per share was 21 cents on revenue of $1.86 billion, the company said in a statement on Wednesday.The US-traded shares tumbled 18 percent in premarket trading in New York.After rallying more than 120 percent last year, Shopify shares…
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Shopify Falls on Surprise Loss, Hit From Logistics Unit Sale
