February 17, 2016 / 3:27 PM / 2 years ago

CORRECTED-BUZZ-Shopify Inc: Sees jump in 2016 revenue

(Corrects to remove reference to adjusted profit in bullet 7)

** Shares of the company, a maker of software that helps retailers manage online stores, up 11 pct at C$31.65

** Stock rises as much as 20.3 pct, biggest intra-day percentage gain in 5 months

** U.S.-listed stock rises as much as 20.9 pct to $24.78, biggest jump in 5 months

** Says sees 2016 revenue of $320 mln-$330 mln, up from $205.2 mln reported for 2015, as the company adds more customers

** Co says total value of sales processed on its platform more than doubled from a year ago, hitting $2.8 bln in the quarter

** Posts a 33 pct jump in Q4 revenue compared with Q3

** Up to Tuesday’s close, Toronto-listed stock had fallen nearly 9 pct since going public in May, while its U.S.-listed stock had fallen 20 pct

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below