OTTAWA, Ontario (AP) — OTTAWA, Ontario (AP) — Shopify Inc. (SHOP) on Wednesday reported a loss of $623.7 million in its fourth quarter.
On a per-share basis, the Ottawa, Ontario-based company said it had a loss of 49 cents. Earnings, adjusted for one-time gains and costs, came to 7 cents per share.
The results surpassed Wall Street expectations. The average estimate of 32 analysts surveyed by Zacks Investment Research was breakeven on a per-share basis.
The cloud-based commerce company posted revenue of $1.73 billion in the period, also exceeding Street forecasts. Thirty-four analysts surveyed by Zacks expected $1.64 billion.
For the year, the company reported a loss of $3.46 billion, or $2.73 per share. Revenue was reported as $5.6 billion.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHOP at https://www.zacks.com/ap/SHOP
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