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

Wed Feb 17, 2016 11:01am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

(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