Shopify Q2 Adj. EPS $0.14 Beats $0.06 Estimate, Sales $1.69B Beat $1.62B Estimate
Portfolio Pulse from Benzinga Newsdesk
Shopify reported Q2 earnings of $0.14 per share, beating the analyst consensus estimate of $0.06 by 133.33%. This is a 566.67% increase over losses from the same period last year. The company also reported quarterly sales of $1.69 billion, beating the analyst consensus estimate of $1.62 billion by 4.57%. This is a 30.81% increase over sales from the same period last year.
August 04, 2023 | 12:16 pm
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Shopify's Q2 earnings and sales exceeded analyst estimates, indicating strong financial performance.
Shopify's Q2 earnings and sales significantly exceeded analyst estimates, which is a strong positive signal for the company's financial performance. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
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