Shopify (SHOP) Tops Q1 EPS by 3c
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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
Canada's Shopify forecasts bigger loss, shares fall
May 4, 2016 7:13 AM EDT(Reuters) - Canada's Shopify Inc (NYSE: SH) (NYSE: SHOP), a maker of software that helps retailers set up and manage online stores, forecast a bigger operating loss for the year, due to higher compensation expenses.
The company, however, posted a smaller-than-expected loss for the first quarter as its revenue rose 3.6 percent from the preceding quarter, due to tie-ups with companies such as Facebook Inc (NASDAQ: FB).
Shopify's U.S.-listed... More
