Shopify (SHOP.US) stock plunges after earnings as high-growth story faces tough challenges, but JPMorgan remains bullish: profitability growth framework remains intact.

Zhitong Finance APP has learned that Canadian e-commerce giant Shopify (SHOP.US) saw its stock price close down 8.74% on Tuesday after announcing its third-quarter results. Although earnings exceeded expectations and holiday season guidance was roughly in line with market expectations, two key metrics supporting the stock's high valuation — platform transaction volume and gross profit — failed to achieve the growth rates anticipated by some institutions, becoming significant factors dragging down the stock's performance.