Shopify (SHOP) Tops Q1 EPS by 14c, Offers Q2 and FY Guidance

Shopify (NYSE: SHOP) reported Q1 EPS of $0.09, $0.14 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $320.5 million versus the consensus estimate of $309.92 million.

GUIDANCE:

Shopify sees Q2 2019 revenue of $345-350 million, versus the consensus of $341.64 million.

• GAAP operating loss in the range of $46 million to $48 million
• Adjusted operating loss4 in the range of $6 million to $8 million, which excludes stock-based compensation expenses and related payroll taxes of $40 million

Shopify sees FY2019 revenue of $1.48-1.5 billion, versus the consensus of $1.49 billion.

• GAAP operating loss in the range of $130 million to $140 million
• Adjusted operating income4 in the range of $20 to $30 million , which excludes stock-based compensation expenses and related payroll taxes of $160 million

For earnings history and earnings-related data on Shopify (SHOP) click here.

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