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Company News

BUZZ-Shopify Inc: Shares tumble after costs surge in Q2

** Canadian e-commerce company’s U.S.-listed shares down 9.2 at $134.47, set to open at a near 3-month low

** Co reports slower growth of gross merchandise volume (GMV); rises 56 pct in Q2 vs 74 pct a year earlier

** Total operating costs rise 63.2 percent to $167.7 mln in Q2

** Co posts adj. EPS of 2 cents vs analysts’ average estimate of a loss of 3 cents per share, as per Thomson Reuters I/B/E/S

** Up to Monday’s close, stock had risen 46.6 pct YTD (Reporting by Anirban Paul)

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