Categories AlphaGraphs, Earnings, Technology

Shopify reports strong results Q1: Infographic

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.

Shopify Q1 2021 earnings

Looking forward to listening to management/ analyst comments on quarterly results? Stay tuned here for Shopify Q3 2021 earnings call transcript

“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

  • Shopify reports Q2 2020 earnings results
  • shopify Q1 2020 earnings results

Most Popular

Earnings calendar for the week of May 3

Leading stock indexes retreated after gaining mid-week when Wall Street biggies like Apple and Amazon reported impressive quarterly numbers. The Dow Jones Industrial Average was down 190 early Friday, while

How did the first quarter of 2021 turn out for the airline industry?

The airlines sector was severely impacted by the disruption caused by the COVID-19 pandemic in 2020. A year later, the industry is still limping its way to a recovery. In

Amazon (AMZN) fine-tunes growth strategy to stay in the fast lane

The company that witnessed the strongest growth during the pandemic is probably Amazon.com, Inc. (NASDAQ: AMZN), which went into overdrive when the crisis triggered an online shopping boom. Taking a

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top