SHOP - These Analysts Revise Their Forecasts On Shopify After Q1 Results | Benzinga
Shopify Inc (NYSE:SHOP) reported upbeat earnings and sales results for its first quarter on Wednesday.
The company clocked fiscal first-quarter 2024 revenue growth of 23% year-over-year to $1.86 billion, which beat the consensus estimate of $1.845 billion. Revenue grew by 29% Y/Y after adjusting for the sale of its logistics businesses. The e-commerce platform company reported adjusted EPS of 20 cents, which beat analyst estimates of 17 cents, according to data from Benzinga Pro.
Gross merchandise volume increased 23% year-over-year to $60.9 billion. Gross payments volume came in at $36.2 billion. Merchant solutions revenue increased 20% year-over-year to ...