Shopify Ecommerce Lost Over $9 Million Last Quarter

Shopify Inc. (SHOP) on Wednesday reported a loss of $9.1 million in its third quarter.

On a per-share basis, the Ottawa, Ontario-based company said it had a loss of 11 cents. Losses, adjusted for stock option expense, came to 2 cents per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.

Source: Inc