Shopify (SHOP) Tops Q3 EPS by 3c; Guides Revenue Above the Street

Shopify (NYSE: SHOP) reported Q3 EPS of ($0.03), $0.03 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $52.8 million versus the consensus estimate of $47.64 million.

Shopify sees Q4 2015 revenue of $59-61 million, versus the consensus of $52.6 million.

Shopify sees FY2015 revenue of $194-196 million, versus the consensus of $182.84 million.

We continue to focus the company on making the Shopify platform better. This quarter we introduced many exciting product enhancements, like Shopify Shipping and integrations with Amazon, Facebook and Twitter," said Tobi Lütke, Shopify's CEO. "While these initiatives are still in their early stages, we see strong potential for all of them to contribute to our long-term growth. Multichannel commerce is the future of retail, and we're excited for Shopify to take a bigger and bigger role in determining it."

"Year-on-year revenue growth was strong across both Subscription Solutions and Merchant Solutions, as we continue to attract new merchants and help facilitate their business success," said Russ Jones, Shopify's CFO. "We are revising our full-year outlook upward to reflect our better-than-expected results in the third quarter, as well as the increased momentum we're carrying into the busiest season of the year for retail."

For earnings history and earnings-related data on Shopify (SHOP) click here.

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