Shopify (NYSE:SHOP) reported its Q1 earnings results on Thursday, May 4, 2023 at 07:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Shopify beat estimated earnings by 125.0%, reporting an EPS of $0.01 versus an estimate of $-0.04.
Revenue was up $304.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.08 which was followed by a 15.88% drop in the share price the next day.
Here’s a look at Shopify’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.01 | -0.10 | 0.03 | 0.10 |
| EPS Actual | 0.07 | -0.02 | -0.03 | 0.02 |
| Revenue Estimate | 1.65B | 1.83B | 1.71B | 1.60B |
| Revenue Actual | 1.74B | 1.37B | 1.29B | 1.20B |
To track all earnings releases for Shopify visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
