Tyler Crowe

I'm your host today.

I'm joined by longtime Fool contributors, Lou Whiteman and Matt Frankel.

As I mentioned in the headline, we're going to talk about this new move that Amazon is doing by going into the shipping and logistics business in ways that they've never done before.

Also, we're going to answer some listener mailbag questions.

But first, we want to start with the topic that we started to the day.

It is earnings season, so we want to get into earnings at Shopify.

Shares of Shopify are down about 9% as we are taping this podcast today.

It was down as much as 10% both in pre-market and early market trading this morning after the company released first quarter earnings.

Of all the three of us here, I am the non-Shopify follower here, so I'm going to lean on you guys.

When I first looked at the press release, I would say in a vacuum, the numbers looked fine.

Revenue was up 34% year over year.

Gross merchandise volume, which the amount of stuff that was bought on its platform, would pass $100 billion for the first time.

Net income, taking out some investment gains and losses that aren't really related to the actual operating business, was $360 million.

Though, here's the knock.

It did miss expectations for the quarter.

And this is the second quarter in a row that it actually missed Wall Street expectations for operating earnings.

So, guys, I want to get your thoughts on this.

And was this missing Wall Street earnings for the second time kind of adding to AI jitters?

Was it maybe just Wall Street's expectations being a little too high?

When you saw these results, how did you see them?