Shopify Inc. (NYSE: SHOP) will report its earnings results for the second quarter of 2023 today after markets close. The stock was down over 6% in midday trade.
Analysts predict sales will grow 25% year-over-year to $1.62 billion in Q2. The consensus estimate is for earnings of $0.05 per share versus a loss of $0.03 per share in the prior-year quarter.
In Q1 2023, Shopify’s sales increased 25% YoY to $1.5 billion but adjusted EPS fell 50% to $0.01.
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