Shopify: Q2 Earnings Snapshot

OTTAWA, Ontario (AP) _ Shopify Inc. (SHOP) on Wednesday reported a loss of $1.2 billion in its second quarter.

On a per-share basis, the Ottawa, Ontario-based company said it had a loss of 95 cents. Losses, adjusted for non-recurring costs and stock option expense, were 3 cents per share.

The results did not meet Wall Street expectations. The average estimate of 31 analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.

The cloud-based commerce company posted revenue of $1.3 billion in the period, which also did not meet Street forecasts. Thirty-two analysts surveyed by Zacks expected $1.33 billion.

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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