Schedule AnythingFeature requests, design considerations and architecture for the Schedule Anything product. |
||
By Nivedita Balu<br> Oct 27 (Reuters) - Shopify Inc beat estimates for quarterly revenue on Thursday and reported a smaller-than-expected loss, powered by businesses turning to the Canadian company's tools and payment options to scale up their online and offline presence.<br> The company's U.S.-listed shares surged nearly 18% as the results allayed investor worries over a slump in demand that wiped out over three-quarters of market value this year.<br> Best known as a one-stop platform for online businesses, Shopify has moved to provide offline payments and other services after the pandemic-fueled surge in e-commerce ebbed.<br> The company has added tools for businesses to connect with their shoppers online and build on the growth of influencers on social media. The purchase of e-commerce fulfillment company Deliverr has also helped expand its services.<br> D.A. Davidson analyst Tom Forte said the results were "a reflection of (the company's) ability to exploit not only the online e-commerce opportunity but also the offline retail one."<br> For the holiday quarter, Shopify expects gross merchandise volume (GMV), or total sales made through the platform, to "outperform the broader U.S. retail market."<br> GMV grew 11% to $46.2 billion in the third quarter ended Sept. 30.<br> "(Shopify's) GMV growth indicates important resilience to current market conditions and is a positive indicator as we head into the very important holiday shopping season," said Third Bridge analyst Charlie Miner.<br> Revenue rose 22% to $1.4 billion in the quarter, compared with estimates of $1.34 billion.<br> On an adjusted basis, the company lost 2 cents per share against estimate for a 7-cent loss, according to Refinitiv IBES data.<br> Still, Forte warned inflation and a weak consumer spending environment remain challenges as shoppers budget more discretionary income on things such as travel. (Reporting by Nivedita Balu in Bengaluru; Editing by Shounak Dasgupta and Shailesh Kuber)<br> my webpage ... https://togelshiohk.com/
|
Powered by FogBugz