Shopify Second Quarter Sales, Profit Beat Analyst Estimates
The Shopify headquarters in Ottawa, Canada.
Photographer: David Kawai/BloombergThis article is for subscribers only.
Shopify Inc. reported sales and profit for the second quarter that beat analyst expectations as the Canadian e-commerce giant attempts to turn around its business.
Revenue for the period came in at $1.69 billion, beating the $1.62 billion average estimate of analysts surveyed by Bloomberg. Profit, excluding special items, was 14 cents a share, above the 5 cents expectation.