Shopify: Q3 Earnings Snapshot
OTTAWA, Ontario (AP) — OTTAWA, Ontario (AP) — Shopify Inc. (SHOP) on Thursday reported third-quarter profit of $718 million.
OTTAWA, Ontario (AP) — OTTAWA, Ontario (AP) — Shopify Inc. (SHOP) on Thursday reported third-quarter profit of $718 million.
Suggested Reading
On a per-share basis, the Ottawa, Ontario-based company said it had profit of 55 cents. Earnings, adjusted for one-time gains and costs, came to 24 cents per share.
Related Content
The results topped Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.
The cloud-based commerce company posted revenue of $1.71 billion in the period, which also topped Street forecasts. Sixteen analysts surveyed by Zacks expected $1.67 billion.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHOP at https://www.zacks.com/ap/SHOP