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Shopify’s Q4 Results Top Estimates, But Its Outlook Underwhelms
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Key Points
- Shopify reported that the fourth quarter of the holiday season had better results than expected, but its appearance was overwhelmed.
- The e-commerce company said it expects revenue to grow percentage in the current quarter in its twenties, roughly in line with consensus estimates, although analysts suggest investors may have been looking for more.
- After the news, Shopify shares started between gains and losses in intraday trading on Tuesday. Last year, they increased by more than 50%.
shopify(Shop) reported the fourth quarter results, with analyst estimates higher than analyst estimates after a strong holiday, but its outlook was disappointing.
Shopify released adjusted earnings per share (EPS) 44 cents in the fourth quarter, with revenue up 31.2% year-on-year to $2.81 billion. Both figures exceed the estimates of analysts for the visible α assembly.
Chief Financial Officer Jeff Hoffmeister said the company was “excited” about the performance, adding that the company’s performance “demonstrates our strategic initiatives and operational discipline.”
Shopify said it expects current quarterly revenue to grow by a percentage by the twenties, roughly in line with consensus estimates, although Jefferies analysts suggest investors may have been looking for more.
After the news, Shopify shares started between gains and losses in intraday trading on Tuesday. Last year, they increased by more than 50%.
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