Categories AlphaGraphs, Earnings, Retail
Infographic: Shopify (SHOP) Q3 revenue nearly doubles; earnings beat
E-commerce firm Shopify Inc. (NYSE: SHOP) reported a sharp increase in revenues for the third quarter of 2020. The results also came in above the market’s estimates, driving the company’s stock higher during Thursday’s pre-market session.
In the September-quarter, revenue climbed 96% annually to $767.4 million, reflecting strong growth in subscription solutions. The top-line also came in above analysts’ projection.
Read management/analysts’ comments on Shopify’s Q3 report
The Canada-based tech firm reported adjusted earnings of $1.13 per share, compared to a loss of $0.29 per share in the third quarter of 2019. Analysts had forecast a lower profit for the latest quarter. On a reported basis, net profit was $191.9 million or $1.54 per share, compared to a loss of $72.8 million or $0.64 per share last year.
Shares of the company gained early Thursday following the announcement, after closing the previous session lower.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,
