Shopify's (SHOP) Q4 Earnings And Revenues Beat Estimates
Zacks Investment Research | Feb 15, 2018 09:35PM ET
Shopify Inc. (NYSE:SHOP) reported non-GAAP earnings of 15 cents per share in fourth-quarter 2017, flat year over year. Earnings beat the Zacks Consensus Estimate by 10 cents.
Revenues jumped 71% from the year-ago quarter to $222.8 million, comfortably surpassing the Zacks Consensus Estimate of $208 million. The figure was also better than the guided range of $206-$208 million.
Shopify continues to launch a number of merchant-friendly applications to meet the requirements of a dynamic retail environment, thereby adding to its merchant base. This also reflected in the year-over-year top-line growth. Record breaking sales achieved during Black Friday and Cyber Monday weekend significantly impacted this quarter’s results.
Moreover, investments in latest technological developments such as Virtual Reality and Augmented Reality will reap benefits for the company going forward.
Notably, shares of Shopify have gained 123.8% in the last year, substantially outperforming the 25.2% rally of the Zacks Investment Research
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