Shopify Inc. easily topped adjusted profit expectations for its latest quarter, though shares of the e-commerce marketplace were headed lower in Wednesday’s after-hours action.
On an adjusted basis, Shopify SHOP, -7.44% earned 14 cents a share, whereas analysts tracked by FactSet were anticipating 6 cents a share.Revenue jumped to $1.69 billion from $1.30 billion a year prior, while the FactSet consensus was for $1.63 billion.