Upgrade to SI Premium - Free Trial

Shopify (SHOP) Tops Q2 EPS by 6c; Guides Above the Street

July 30, 2015 7:11 AM

Shopify (NYSE: SHOP) reported Q2 EPS of ($0.03), $0.06 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $44.9 million versus the consensus estimate of $38.1 million.

Shopify sees Q3 2015 revenue of $47-48 million, versus the consensus of $39.42 million.

Shopify sees FY2015 revenue of $181-183 million, versus the consensus of $159.74 million.

“It’s been a great year not only for Shopify, but for our merchants as well,” commented Tobi Lütke, Shopify’s Chief Executive Officer. “We completed our initial public offering, announced buy buttons with some of the most important social media companies and closed out our fifth Build a Business Competition, our biggest yet. All of this creates momentum toward our main goal, which is to continue to build a really great platform that makes commerce better for everyone.”

“We are extremely pleased with our second-quarter performance,” stated Russ Jones, Chief Financial Officer. “Merchant count has now surpassed 175,000, resulting in strong growth in Subscription Solutions revenue. In addition, we saw excellent growth in Merchant Solutions revenue which is tied to our merchants’ success, as measured by their GMV.”

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

Categories

Earnings Guidance Hot Earnings Hot Guidance Management Comments

Next Articles