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.

Shopify Q3 2020 earnings infographic

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.

  • shopify Q1 2020 earnings results
  • Shopify Q2 2019 earnings

Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!

Most Popular

AVGO Earnings: Highlights of Broadcom’s Q4 2022 report

Chipmaker Broadcom, Inc. (NASDAQ: AVGO) Thursday reported better-than-expected earnings and revenues for the fourth quarter of 2022. Net profit was $10.45 per share in the final three months of the

COST Earnings: All you need to know about Costco Wholesale Corporation’s Q1 2023 earnings results

Costco Wholesale Corporation (NASDAQ: COST) reported first quarter 2023 earnings results today. Net sales increased 8.1% to $53.44 billion compared to the same period a year ago. Comparable sales were up

Three factors that bode well for Campbell Soup (CPB) in the current environment

Shares of Campbell Soup Company (NYSE: CPB) were up 1% on Thursday. The stock has gained 30% year-to-date and 34% over the past 12 months. The food company started the

Add Comment
Viewing Highlight