Shopify Announces Third-Quarter 2016 Financial Results Revenue Grows 89% Year on Year Gross Merchandise Volume (GMV) Grows 100% Year on Year

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Go back to Shopify Announces Third-Quarter 2016 Financial Results Revenue Grows 89% Year on Year Gross Merchandise Volume (GMV) Grows 100% Year on Year

Shopify (SHOP) PT Raised to $48 at Baird

November 3, 2016 6:39 AM EDT

Baird analyst Colin Sebastian reiterated an Outperform rating on Shopify (NYSE: SHOP) and boosted his price target to $48.00 (from $40.00) as the Q3 beat highlights best-in-class SMID-cap growth story.

Sebastian commented, "Shopify reported another beat-and-raise quarter, with revenue growth exceeding consensus estimates... More

Shopify (SHOP) Tops Q3 EPS by 1c

November 2, 2016 7:24 AM EDT

Shopify (NYSE: SHOP) reported Q3 EPS of ($0.02), $0.01 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $99.6 million versus the consensus estimate of $94.64 million.

GUIDANCE:

Shopify sees Q4 2016 revenue of $120-122 million, versus the consensus of $113.3... More