Shopify profit outlook underwhelms even as holiday sales top estimates


FILE PHOTO: The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, Canada, September 28, 2018. REUTERS/Chris Wattie/File Photo

(Reuters) - Shopify's downbeat first-quarter profit outlook spooked investors on Tuesday, even as the e-commerce company posted better-than-expected holiday-quarter sales on the back of healthy consumer spending and its rollout of AI features.

U.S.-listed shares of the company, having jumped 13% so far this year driven by investors' optimism around the company's revenue growth rate, fell 9% in premarket trading.

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