** charts before earnings **
** charts after earnings **
Shopify beats by $0.03, beats on revs; guides Q2 revs above consensus; Raises FY16 revs gudiance above consensus :
- Reports Q1 (Mar) loss of $0.06 per share, ex items $0.03better than the Capital IQ Consensus of ($0.09); revenues rose 94.7% year/year to $72.7 mln vs the $66.89 mln Capital IQ Consensus.
- Gross Merchandise Volume for the first quarter was $2.7 billion, an increase of 102% over the first quarter of 2015.
- Co issues upside guidance for Q2, sees Q2 revs of $79-81 mln vs. $74.74 mln Capital IQ Consensus Estimate; Expects Adjusted operating loss in the range of $6-7 mln.
- Co issues upside guidance for FY16, sees FY16 revs of $337-347 mln (Prior $320-330 mln) vs. $327.83 mln Capital IQ Consensus Estimate; Expects Adjusted net loss of $16-22 mln.
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