Shopify (SHOP) Tops Q3 EPS by 6c, Revenues Beat; Offers FY18 Revenue Outlook Above Consensus

Shopify (NYSE: SHOP) reported Q3 EPS of $0.04, $0.06 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $270.1 million versus the consensus estimate of $256.85 million.

“Solid execution and continued rapid growth drove our strong results in the third quarter,” stated Amy Shapero, Shopify’s CFO. “We relentlessly shipped new products and features to prepare our merchants for their biggest selling season of the year, merchants’ GMV expansion was well ahead of ecommerce growth overall, and our merchant base continues to expand at a healthy clip. We’re well positioned to close 2018 and enter 2019 with excellent momentum.”

GUIDANCE:

Shopify sees FY2018 revenue of $1.04-1.055 billion, versus the consensus of $1.03 billion.

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

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