Shopify (NYSE: SHOP) reported first-quarter 2021 financial results before the regular trading hours on Wednesday. The e-commerce giant reported Q1 revenue of $988.6 million, up 110% and above the Wall Street consensus. The company reported a net income of $2.01 per share, much better than what analysts had anticipated.
SHOP shares rose 2.4% immediately following the announcement. The stock was one of the top performers last year rallying over 82% in the past 12 months.
“Merchant sales growth on our platform accelerated in the first quarter as merchants leveraged our modern commerce technology, which helps them compete in any retail environment and engage directly with their customers wherever they are,” Shopify President Harley Finkelstein said in a statement.
Prior performance
Most Popular
Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO
Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
