Shopify falls on bleak second-quarter profit view

U.S.-listed shares of e-commerce firm Shopify SHOP.O SHOP.TO fall 8.2% to $86.71 premarket

Co says it expects gross profit dollars to grow at a high-teens percent on a year-over-year basis for Q2, analysts were expecting gross profit to grow by 20.2%, according to data compiled by LSEG

SHOP expects second-quarter revenue to grow at a mid-twenties percent on a year-over-year basis, while analysts on average estimate growth of 22.4%

Co reports Q1 revenue of $2.36 billion, vs analysts' estimate of $2.33 billion

As of last close, SHOP stock down 11.1% YTD