Shopify's Q3 Earnings Decline, Revenue Increases; Shares Fall Premarket

MT Newswires Live

11/04

Shopify (SHOP) reported Q3 earnings Tuesday of $0.20 per diluted share, down from $0.64 a year earlier.

Analysts polled by FactSet expected $0.26.

Revenue for the quarter ended Sept. 30 was $2.84 billion, compared with $2.16 billion a year earlier.

Analysts polled by FactSet expected $2.76 billion.

The company said it expects Q4 revenue growth at a mid-to-high-twenties percentage rate.

Shares of Shopify were down 3% in recent premarket activity.

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