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Market Overview

Recap: Shopify Q2 Earnings

Share:

Shares of Shopify (NYSE: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

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.shopify.com%2Fnews-and-events%2Fdefault.aspx&eventid=2403837&sessionid=1&key=29738F27DEAD1ECC2B0A48D9E87F0063&regTag=&sourcepage=register

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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Posted-In: Earnings News

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