Why Shopify Stock Cratered on Wednesday

Shares of Shopify (NYSE: SHOP) got crushed on Wednesday, tumbling as much as 18.4%. As of 10:45 a.m., the stock was still down 18.2%.

The catalyst that sent the provider of e-commerce tools plunging was a financial report that generally exceeded expectations, but broad guidance that left investors wanting more.

For the fourth quarter, Shopify generated revenue of $1.38 billion, up 41% year over year. This resulted in adjusted net income of $172.8 million, and adjusted earnings per share (EPS) of $1.36.

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Source Fool.com