12:10 PM EST - Shopify Inc. : Announced strong financial results for the quarter ended September 30, 2017. Total revenue in the third quarter was $171.5 million, a 72% increase from the comparable quarter in 2016. Gross profit grew 86% to $100.0 million as compared with the $53.8 million recorded for the third quarter of 2016. Adjusted net income for the third quarter of 2017 was $5.0 million, or $0.05 per share, compared with an adjusted net loss of $1.8 million, or $0.02 per share, for the third quarter of 2016. Shopify Inc.
shares T.SHOP are trading down $13.64 at $126.58.
