Shopify Inc (US) didn’t turn a profit in Q3
Shopify Inc in the US stock sinks in spite of growth in revenue in Q3. It reported revenue of $71.46 million which is 72% increase over its revenue of $99.58 million reported in Q3 last year.
The online market reported its operating loss in the third quarter of the year was $12.7 million while the operating loss in Q3 of 2016 was $9.5 million. So this was likely behind the down of Shopify.
In the third quarter of 2017, Shopify Inc in the US reported a loss of $9.38 million. This is a net loss of more than $9.12 million reported for the same period last year and is not good news for stock of Shopify.
Earnings per share reported by Shopify Inc in the US in the Q3 of 2017 was 5 cents. This number has risen from a 2-per-share loss over last year’s third quarter. It also goes up in losses per share of Wall Street estimated by a penny for the quarter.
Shopify Inc.’s (US) guidelines for whole 2017 include revenue ranging from $656 million to $658 million. Analysts expect SHOP to report revenue of $648.33 million in the quarter.
Can you see the plummeting of Shopify?