Shopify (TSE:SHO) Issues Quarterly Earnings Results

Shopify (TSE:SHO) announced its earnings results on Tuesday. The company reported C$0.37 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.24 by C$0.13, reports. The company had revenue of C$2.95 billion for the quarter, compared to the consensus estimate of C$2.90 billion.

Shopify Price Performance

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Cantor Fitzgerald upgraded Shopify to a “hold” rating in a report on Thursday, September 5th. Argus raised Shopify to a “strong-buy” rating in a research note on Thursday, August 8th. Redburn Atlantic raised Shopify from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 17th. Evercore ISI upgraded shares of Shopify from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 8th. Finally, Atb Cap Markets lowered shares of Shopify from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Five research analysts have rated the stock with a hold rating and five have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy”.

Shopify Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust (“REIT”) that as of the date of this release has interests in 19 hotels comprised of 9,997 rooms. Sunstone’s business is to acquire, own, asset manage and renovate or reposition hotels considered to be Long-Term Relevant Real Estate®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.