Shopify Boosts Outlook on New Online Offerings
- Canadian tech firm sees 2019 sales of as much as $1.5 billion
- Analyst sees growth from international sales, fulfillment, POS
Employees eat in a common area at the Shopify Inc. office in Waterloo, Ontario, Canada.
Photographer: Cole Burston/BloombergThis article is for subscribers only.
Shopify Inc. shares notched another record after the Canadian e-commerce company reported second-quarter sales that beat analysts’ average estimate and gave a more optimistic full-year outlook.
Revenue grew 48% to $362 million, according to a company statement Thursday. Analysts were projecting $350.5 million. Shopify raised its 2019 revenue guidance to a range of $1.51 billion to $1.53 billion but kept its outlook for adjusted operating income of $20 million to $30 million unchanged.