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Shopify: 1Q Earnings Snapshot



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Ottawa, Ontario (AP) _ Shopify Inc. (Shop) on Tuesday reported a loss of $ 24.2 million dollars in its first quarter.

Company Ottawa, Ontario-based said it was a loss of 22 cents per share. Earnings adjusted for the option price, came to 9 cents per share.

The results exceeded Wall Street expectations. Average rating 24 analysts, Zacks Investment Research surveyed was for a loss of 5 cents per share.

Cloud-commerce based on the company published revenue of $ 320.5 million for the period, also topped Street forecasts. Twenty-four analysts polled by Zacks expected $ 309.9 million people.

For the current quarter, which ends in July, Shopify expects revenue in the range of $ 345 million to $ 350 million.

The company expects full-year earnings in the range of $ 1.48 billion to $ 1.5 billion.

Shopify shares increased by 63% since the beginning of the year. In the last 12 months the shares have increased by 78%.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access Stock Sachs report on the Shop at https://www.zacks.com/ap/SHOP

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