Shares of Shopify SHOP moved higher by 7.5% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share increased 650.00% over the past year to $1.05, which may not compare to the estimate of ($0.02).
Revenue of $714,341,000 rose by 97.34% year over year, which beat the estimate of $505,080,000.
Guidance
Earnings guidance hasn't been issued by the company for now.
Shopify hasn't issued any revenue guidance for the time being.
How To Listen To The Conference Call
Date: Jul 29, 2020
Time: 08:30 AM
Price Action
52-week high: $1074.98
Company's 52-week low was at $282.08
Price action over last quarter: Up 37.94%
Company Overview
Shopify offers an e-commerce platform primarily to small and midsize businesses. The firm has two segments: subscription solutions (43% of fiscal 2018 revenue) and merchant solutions (57% of fiscal 2018 revenue). The subscription solutions segment allows Shopify merchants to conduct e-commerce on a variety of platforms, including the company's website, physical stores, pop-up stores, kiosks, social networks (Facebook), and Amazon. Merchant solutions are add-on products for the platform that facilitate e-commerce and include Shopify Payments, Shopify Shipping, and Shopify Capital.
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