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Company News

BUZZ-Shopify dips after quarterly sales a little less explosive

** U.S. shares of Shopify dropping 1.7 pct on Thurs after the Canadian software co posted 71 pct jump in Q4 rev, its slowest growth since 2015 IPO

** Co’s stock has surged 123 pct in past year, driven by explosive growth in sales of its online retailing software

** SHOP is up 16 pct since Oct 2017, when short seller Citron Research attacked its marketing model and called it a “get-rich-quick scheme”

** Excluding items, SHOP earned 15 cents per share in the reported qtr, beating analysts’ estimate by 10 cents, according to Thomson Reuters I/B/E/S

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