Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...

A major focus for Shopify has been ensuring its merchants are equipped to reach consumers wherever they are, Shopify President Harley Finkelstein noted Tuesday (Nov. 12) during the company’s third-quarter earnings call. By streamlining the shopping experience, Shopify officials want to connect its platform to key touchpoints across the digital landscape, including YouTube, TikTok, Roblox and Instagram.The company’s goal is clear, Finkelstein said: make it easier for merchants to engage with new audiences, r ...

The third-quarter earnings season is winding down, but that doesn’t mean the fireworks are over.We’ve now received Q3 results from more than 90% of S&P 500 index members. Total earnings for these companies that have reported are up 7.1% from the same period last year on 5.5% higher revenues. On a ‘blended’ basis that includes the still-to-come companies, S&P 500 earnings are expected to rise 7.4% from the year-ago period on 5.6% higher revenues.  The outcome speaks to a resilient corporate backdrop, as comp ...

For the quarter ended September 2024, Shopify (SHOP) reported revenue of $2.16 billion, up 26.1% over the same period last year. EPS came in at $0.36, compared to $0.24 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.11 billion, representing a surprise of +2.59%. The company delivered an EPS surprise of +33.33%, with the consensus EPS estimate being $0.27.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...

Shopify Inc. (NYSE: SHOP ) is now trading at a new 52-week high as the stock's rally continues on its blockbuster Q3 results. The company reported revenue growth of 26% y/y to $2.162 billion on gross merchandise volume ("GMV") of close to $70 billion. This farAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am ...

Financial Data and Key Metrics - The company reports all financial data in US dollars unless otherwise indicated [4] - Adjusted financial measures are non-GAAP and should not be considered a substitute for GAAP financial measures Reconciliations between GAAP and non-GAAP measures are provided in the press release tables [4] Business Lines and Key Metrics - No specific data or metrics related to individual business lines were provided in the content Market Data and Key Metrics - No specific data or metrics related to individual markets were provided in the content Company Strategy and Industry Competition - No specific details on company strategy or industry competition were provided in the content Management Commentary on Operating Environment and Future Outlook - The company made forward-looking statements based on assumptions which are subject to risks and uncertainties that could cause actual results to differ materially from those projected [3] - Undue reliance should not be placed on these forward-looking statements and the company undertakes no obligation to update or revise them except as required by law [3] Other Important Information - The conference call included prepared remarks from Harley Finkelstein President and Jeff Hoffmeister CFO followed by a Q&A session [2] Q&A Session - No specific questions or answers from the Q&A session were provided in the content

Shopify (SHOP) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 33.33%. A quarter ago, it was expected that this cloud-based commerce company would post earnings of $0.20 per share when it actually produced earnings of $0.26, delivering a surprise of 30%.Over the last four quarters, th ...

Shopify published its Q3 report this morning, and it gave investors plenty to be excited about.Shopify (SHOP 25.31%) stock is surging in Tuesday's trading following the release of the company's third-quarter earnings report. The e-commerce specialist's share price was up 25.6% as of 11 a.m. ET.Shopify published its Q3 report before the market opened this morning, delivering sales and earnings for the period that beat Wall Street's expectations. Even better, the e-commerce leader's forward guidance came in f ...

Key TakeawaysShopify beat analysts' third-quarter estimates for operating income, revenue, and free cash flow as sales surged.Operating income soared 132% year-over-year to $283 million, with revenue up 26% to $2.16 billion.The provider of online sales services to retailers anticipates current-quarter revenue will be up by a mid-to-high-twenties percentage. Shopify (SHOP) shares soared to their highest level in nearly three years Tuesday as the provider of online services for retailers posted better-than-an ...

Shopify shares popped more than 25% in Tuesday morning trading after the Canadian e-commerce company posted better-than-expected revenue for the third quarter and gave an optimistic forecast for the holiday shopping season.Here's how the company did:Earnings: 64 cents per share. That may not compare with LSEG estimates.Revenue: $2.16 billion vs. $2.12 billion expected by LSEGShopify said it expects revenue in the current quarter to grow at at a percentage in the mid- to high-twenties. That surpassed Wall St ...