Shopify (SHOP) Tops Q1 EPS by 6c on 75% Revenue Growth; Guides Above Views

Shopify (NYSE: SHOP) reported Q1 EPS of ($0.04), $0.06 better than the analyst estimate of ($0.10). Revenue for the quarter rose 75% to $127.4 million versus the consensus estimate of $121.57 million.

“With our excellent start to the year, it is clear we are becoming the de facto platform for sellers,” stated Russ Jones, Shopify’s CFO. “In addition to merchant growth and their adoption of both new channels and merchant solutions, we also continue to see expansion of merchants’ GMV. Retail is shifting headlong toward the vision we laid out two years ago -- of inspiring entrepreneurship with multi-channel commerce -- and we fully expect to continue leading this industry transition for years to come.”

GUIDANCE:

Shopify sees FY2017 revenue of $615-630 million, versus the consensus of $600.6 million.

Shopify sees FY2017 revenue of $142-144 million, versus the consensus of $137 million.

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

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