Canada's Shopify forecasts bigger loss, shares fall

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Go back to Canada's Shopify forecasts bigger loss, shares fall

Baird Raises Price Target on Shopify (SHOP) Following Strong 1Q Results

May 4, 2016 2:43 PM EDT

Baird reiterated an Outperform rating on Shopify (NYSE: SHOP), and raised the price target to $34.00 (from $31.00), following the company's 1Q earnings report. Shopify reported revenues of $72.9M, ahead of the consensus of $66.9M and guidance of $65-$67M. Revenue was driven by a second consecutive... More

Shopify (SHOP) Tops Q1 EPS by 3c

May 4, 2016 7:31 AM EDT

Shopify (NYSE: SHOP) reported Q1 EPS of ($0.06), $0.03 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $72.7 million versus the consensus estimate of $66.89 million.

Monthly Recurring Revenue (MRR) as of March 31, 2016 was $12.8 million, up 73% compared with $7.4 million on March 31, 2015.

Gross... More