Shopify: Q2 Earnings Snapshot
OTTAWA, Ontario (AP) _ Shopify Inc. (SHOP) on Wednesday reported a loss of $1.2 billion in its second quarter.
On a per-share basis, the Ottawa, Ontario-based company said it had a loss of 95 cents. Losses, adjusted for non-recurring costs and stock option expense, were 3 cents per share.
The results did not meet Wall Street expectations. The average estimate of 31 analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The cloud-based commerce company posted revenue of $1.3 billion in the period, which also did not meet Street forecasts. Thirty-two analysts surveyed by Zacks expected $1.33 billion.