OTTAWA, Ontario (AP) _ Shopify Inc. (SHOP) on Wednesday reported a loss of $8.9 million in its fourth quarter.
On a per-share basis, the Ottawa, Ontario-based company said it had a loss of 10 cents. Earnings, adjusted for stock option expense, came to less than 1 cent on a per-share basis.
The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 2 cents per share.
The cloud-based commerce company posted revenue of $130.4 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $121.9 million.
For the year, the company reported that its loss widened to $35.4 million, or 42 cents per share. Revenue was reported as $389.3 million.
For the current quarter ending in April, Shopify said it expects revenue in the range of $120 million to $122 million.
The company expects full-year revenue in the range of $580 million to $600 million.
Shopify shares have increased 31 percent since the beginning of the year. The stock has more than doubled in the last 12 months.
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
Keywords: Shopify, Earnings Report