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Shopify: Q3 Earnings Snapshot
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LAS VEGAS (AP) — LAS VEGAS (AP) — Shopify Inc. (SHOP) on Tuesday reported third-quarter earnings of $462 million.

The Las Vegas-based company said it had net income of 36 cents per share. Earnings, adjusted for one-time gains and costs, came to 49 cents per share.

The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.

The cloud-based commerce company posted revenue of $3.74 billion in the period, matching Street forecasts.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHOP at https://www.zacks.com/ap/SHOP

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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