Shopify (NYSE:SHOP) reported its Q1 earnings results on Thursday, May 5, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Earnings
Shopify missed estimated earnings by 80.0%, reporting an EPS of $0.2 versus an estimate of $1.0.
Revenue was up $215.35 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.22 which was followed by a 11.63% drop in the share price the next day.
Here's a look at Shopify's past performance:
| Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.58 | 1.32 | 0.96 | 0.73 |
| EPS Actual | 1.36 | 0.81 | 2.24 | 2.01 |
| Revenue Estimate | 1.69B | 1.39B | 1.04B | 865.48M |
| Revenue Actual | 1.38B | 1.12B | 1.12B | 988.65M |
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.
