Canada's Shopify forecasts bigger loss, shares fall
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- Wall Street ends lower on semiconductor selloff as AI spending concerns mount
- Alphabet added to Dow Jones Industrial Average, Verizon dropped
- Chip stocks plunge, but bargain-hunters limit scale of tech rout
- FedEx falls 4% as CY2026 profit forecast misses expectations despite Q4 beat
- Oil prices finish 1% lower as investors focus on Hormuz flows after peace talks
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Needham Starts NeoVolta (NEOV) at Buy
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
Baird Raises Price Target on Shopify (SHOP) Following Strong 1Q Results
May 4, 2016 2:43 PM EDTBaird 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 EDTShopify (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
