OTTAWA (AP), Ontario -- OTTAWA (AP), Ontario -- Shopify Inc., (SHOP), reported a third-quarter profit on Thursday of $718 millions.
The company in Ottawa, Ontario, reported a profit per share of 55 cents. The adjusted earnings per share, after one-time costs and gains, were 24 cents.
The results exceeded Wall Street expectations. Zacks Investment Research surveyed 16 analysts and the average estimate was 15 cents a share.
Cloud-based commerce firm posted revenue of 1,71 billion dollars in the period. This was also higher than Street expectations. Zacks surveyed 16 analysts who expected $1.67billion.
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