Shopify Inc. (NYSE:SHOP) released its first quarter results after the bell on Thursday, and the market liked what it saw. Shares of the e-commerce platform provider were up over 7% in extended trading as the company posted better-than-expected results on both the top and bottom line.
Here’s a closer look at the quarterly results:
Revenue: Shopify’s revenue rose 64% year-over-year to $ 470.0 million, compared to the $ 414.8 million that analysts were expecting.
Adjusted EPS: The company’s adjusted EPS came in at $ 0.40, versus the $ 0.31 that analysts were expecting.
Gross Merchandise Volume (GMV): GMV rose 63% year-over-year to $ 13.8 billion.
Conclusion
Shopify Inc. (NYSE:SHOP) had a great first quarter, with revenue and adjusted EPS coming in ahead of expectations. GMV also rose 63% year-over-year to $13. The market liked what it saw and sent shares up 7% in extended trading.
PRO TIP: The article entitled “Did Shopify Beat Earnings?” may contain forward-looking statements that are based on current expectations, forecasts, and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially.
9 Related Question Answers Found
Shopify is scheduled to report its first-quarter earnings after the bell on Thursday, and analysts are expecting the ecommerce company to beat earnings. Shopify is a Canadian ecommerce company that offers online retailers a platform to sell their products. The company went public in 2015 and has since been one of the hottest stocks on the market.
Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement” tools.
Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.
Shopify is a platform for businesses of all sizes to create an online store. It offers users a customizable platform, an easy-to-use checkout process, and a wide range of features. One of the most important features for any online store is shipping.
Shopify is a well-known ecommerce platform that allows business owners to create an online store. It offers a wide range of features, including a user-friendly platform, an easy-to-use checkout process, and a wide range of payment options. One of the main advantages of using Shopify is its low startup cost.
Shopify does not currently have a way to track taxes automatically. The best way to track your taxes is to use a third-party app or service. There are a few apps that can help you with this, and we recommend using one of them to make sure you’re keeping track of your taxes correctly.
Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to open Snowdevil, an online store for snowboarding equipment.
Shopify is set to report earnings after the market close on Thursday, March 12. Ahead of the report, Shopify stock was up nearly 4% on the day. Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario.
Shopify is a platform for businesses of all sizes to create an online store. It offers users a customizable platform, an easy-to-use checkout process, and a wide range of features. One of the most popular features of Shopify is its live shipping rates.
