Shopify (NYSE: SHOP) reported Q3 EPS of $0.05, $0.06 better than the analyst estimate of ($0.01). Revenue for the quarter came rose 72% to $171.5 million versus the consensus estimate of $165.63 million.

“In today’s fast-changing retail environment, merchants large and small are hungry to leverage all that technology can do for them,” stated Russ Jones, Shopify’s CFO. “This is why our platform is so valuable to merchants and why they keep coming to Shopify. Our results underscore this, with another record quarter for merchant adds, along with a record number of store launches on Shopify Plus in the third quarter. On the strength of these results and our underlying business model, we are raising our forecasts for the fourth quarter and full year 2017.”

For the full year 2017, Shopify currently expects:

• Revenues in the range of $656 million to $658 million (*** consensus is $648.33 million)
• GAAP operating loss in the range of $55.5 million to $57.5 million
• Adjusted operating loss4 in the range of $1.5 million to $3.5 million, which excludes stock-based compensation expenses and related payroll taxes of $54 million

For the fourth quarter of 2017, Shopify currently expects:

• Revenues in the range of $206 million to $208 million (*** consensus is $203.7 million)
• GAAP operating loss in the range of $12.5 million to $14.5 million
• Adjusted operating income4 in the range of $2 million to $4 million, which excludes stock-based compensation expenses and related payroll taxes of $16.5 million

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