Canadian e-commerce company Shopify Inc on Wednesday posted better-than-expected...
For full year 2020, it forecast revenue in a range of $2.13 billion to $2.16 billion, above the average analysts’ average estimate of $2.11 billion according to IBES data from Refinitiv.
Shopify reported worldwide sales of over $2.9 billion between Black Friday and Cyber Monday, up about 61% from the same period in 2018. The company posted net income of $771,000, or 1 cent per share, for the quarter ended Dec. 31, compared with net loss of $1.5 million, or 1 cent per share, a year earlier.The Ottawa-based company’s total revenue jumped 47% to $505.2 million from $343.9 million a year earlier, also beating the estimate of $482.5 million.
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