Categories AlphaGraphs, Earnings, Retail

How Shopify (SHOP) performed in Q2 2020

E-commerce firm Shopify Inc. (NYSE: SHOP) reported second quarter 2020 earnings results today.

Total revenues increased 97% to $714.3 million.

Net income was $36 million, or $0.29 per share, compared to a net loss of $28.7 million, or $0.26 per share, for the same period last year. Adjusted net income was $129.4 million, or $1.05 per share.

Shopify stated that the COVID-19 pandemic has accelerated the growth of ecommerce, shifting a  larger share of retail spending to online commerce, and the company believes this trend will continue. However due to the significant uncertainty that still persists, the company is not providing an outlook for the third quarter or the full year of 2020.

Click here to access the transcript of Shopify Q2 2020 earnings conference call

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
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top