Shopify (SHOP) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this cloud-based commerce company would post earnings of $0.31 per share when it actually produced earnings of $0.34, delivering a surprise of 9.68%.Over the last four quarters, the ...

The corporate logo of e-commerce company Shopify hangs at the building that contains the offices of Shopify Commerce Germany GmbH on August 08, 2022 in Berlin, Germany.Shopify reported first-quarter earnings and sales on Wednesday that were ahead of Wall Street expectations, but it gave a downbeat forecast for the current quarter.Shares dropped as much as 18% in premarket trading.Here's how the company did for the quarter, compared with consensus expectations from LSEG:Earnings per share: 20 cents adjusted ...

Shopify stunned investors after reporting a surprise loss for the first three months of the year.The e-commerce platform posted a $273 million loss for the first quarter.It marks new low following its boom years during the COVID-19 pandemic. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. Email address By clicking “Sign ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >Shopify stock (NYSE: SHOP) has received a boost following the release of strong first-quarter 2024 financial results. The SHOP stock had taken a beating in the pre-market hours, dropping by −12.61 (16.37%) from the previous market close of $77.37 to $64.44 on 8 May, 07:19 GMT-4.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.The e-commerce giant reported impressive numbers, exc ...

EXHIBIT 99.2 MANAGEMENT’S DISCUSSION AND ANALYSIS May 7, 2024 In this Management's Discussion and Analysis ("MD&A"), "we", "us", "our", "Shopify" and "the Company" refer to Shopify Inc. and its consolidated subsidiaries, unless the context requires otherwise. In this MD&A, we present Shopify's results of operations and cash flows for the three months ended March 31, 2024 and 2023, and our financial position as of March 31, 2024. You should read this MD&A together with our unaudited condensed consolidated fi ...

EXHIBIT 99.1 Shopify Announces First-Quarter 2024 Financial Results Revenue up 23%, and up 29% Adjusting for the Sale of Our Logistics Businesses; Gross Profit up 33%; Free Cash Flow Margin Doubled Year Over Year to 12% Internet, Everywhere - May 8, 2024 - Shopify Inc. (NYSE, TSX: SHOP), a provider of essential internet infrastructure for commerce, announced today financial results for the quarter ended March 31, 2024. “You’re seeing the strongest version of Shopify in our history. Our outstanding Q1 perfor ...

Investors are always looking for stocks that are poised to beat at earnings season and Shopify Inc. (SHOP) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Shopify is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicato ...

Shopify (SHOP) is scheduled to report its first-quarter 2024 results on May 8.For the to-be-reported quarter, Shopify expects revenue growth in the low twenties on a year-over-year basis. Adjusting for a 500-600 bps headwind related to the divestiture of the logistics business, revenues are expected to grow in the mid to high twenties on a year-over-year basis.The Zacks Consensus Estimate for revenues is currently pegged at $1.84 billion, suggesting growth of 21.76% from the year-ago quarter’s reported figu ...

Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.The Zacks Premium service makes this easier. It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest ...

Shopify (SHOP) ended the recent trading session at $71.33, demonstrating a +1.11% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 1.02%. Meanwhile, the Dow gained 0.4%, and the Nasdaq, a tech-heavy index, added 2.03%.The cloud-based commerce company's shares have seen a decrease of 8.58% over the last month, not keeping up with the Computer and Technology sector's loss of 5.32% and the S&P 500's loss of 3.15%.Analysts and investors alike will be keeping a close e ...