Shopify Inc. overwhelmed investor expectations Thursday with third-quarter results that beat the financial forecasts of analysts by a wide margin and included its largest quarterly profit to date.
The Ottawa-based commerce software provider, which has beaten analyst estimates consistently since going public in May 2015, said it generated US$767.4-million in revenue in the quarter ended Sept 30, more than US$110-million above consensus analyst expectations. The company, which rarely earns a bottom line profit, posted net income of US$191-million, up from a loss of US$72.8-million in the same period a year earlier.
Financial analysts pay closer attention to Shopify’s adjusted net income. That too far exceeded their average estimates in the 49 cent-per-share range, as Shopify earned US$140.8-million, or US$1.13 per share.
“While we were expecting a strong quarter the results came in even better than our bullish expectations,” said National Bank Financial analyst Richard Tse, who had expected Shopify to earn US$688-million in the quarter and post adjusted earnings per share of US57 cents.
Shopify stock was up by 4 per cent in pre-market trading on the New York Stock Exchange.
Shopify, which provides a software platform enabling merchants to sell their wares and manage their businesses over the internet, has seen its stock soar by close to 150 per cent this year. It has become Canada’s most valuable company due to a surge in e-commerce business as consumers lived more of their lives at home during the pandemic, and entrepreneurs turned to the internet to make a living.
In particular, the company said monthly subscription revenue that shop owners pay to use its software increased by 48 per cent over the third quarter last year, to US$245.3-million, while gross merchandise volume, or the sum of goods and services purchased through Shopify-enabled stores, more than doubled to $30.9-billion.
“The accelerated shift to digital commerce triggered by COVID-19 is continuing, as more consumers shop online and entrepreneurs step up to meet demand,” Shopify president Harley Finkelstein said in a statement.
Most analysts had expected GMV to subside from the second-quarter level, but instead it surpassed it by three percent. Mr. Tse said “by contrast, we’ve seen similar companies reporter quarter-over-quarter declines in GMV anywhere from eight to 10 per cent.”
But the company, which withdrew and stopped giving financial guidance early in the pandemic, continued to caution investors that the pandemic has created distorting effects on the economy that may not continue to benefit Shopify. “Near-term demand for our subscription and merchant solutions depends on several external factors that are particularly fluid at present,” the company stated in its earnings release. “These include unemployment, fiscal stimulus, and the magnitude and duration of the COVID-19 pandemic, all of which may impact new shop creation on our platform and consumer spending.”
The company has taken advantage of its soaring stock price by issuing stock twice this year. Its war chest of cash, cash equivalents and marketable securities stood at US$6.1-billion at the end of the quarter.
Shopify also continued to expand its partnerships with popular social media platforms this week, announcing a TikTok channel that will allow merchants to advertise on the popular short video site.
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Alberta passes 10 per cent positivity rate, another grim milestone in COVID-19 pandemic – Calgary Herald
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Hinshaw urged Albertans to do their part to reduce the spread this weekend by following public-health orders, including a ban on all indoor social gatherings.
“In a difficult year, I know this last month may be the toughest for many,” she said. “This virus can spread quickly from one in many. In a month usually marked by festive gatherings, we feel the restrictions more keenly.
“If you have not been following the rules or if you know that your behaviour could be a little safer, this is the time to change it. This is the time for staying home and staying safe.”
Another 15 deaths from COVID-19 were reported in Alberta since Thursday, including two in the Alberta Health Services Calgary zone. Seven of the newly reported deaths were from one long-term care facility, the Edmonton Chinatown Care Centre.
In total, 590 Albertans have now died of COVID-19, including 238 in the past 30 days.
Admissions to hospitals and intensive-care units continue to rise in Alberta, with 533 now in hospital with COVID-19, 99 of whom are in ICU. It’s an increase of 22 hospitalizations and two ICU admissions from Thursday.
As rates of infections and hospitalization rise in Alberta, the province is looking at contingency plans for patient care if surge capacity is needed.
Dr. Verna Yiu, CEO of AHS, said the province was making plans to erect field hospitals in both Calgary and Edmonton
“While there is not a current need, it is clear that Alberta’s health-care system is under significant stress given the increasing numbers of COVID-19 cases in the province and AHS must prepare for all scenarios,” Yiu said.
What Will It Feel Like to Get a COVID Vaccine? – Lifehacker
Every vaccine has its side effects, but most are mild and/or rare. If you’ve ever had a sore arm after a flu shot, or even a mild headache or fever, you’ve experienced these. The upcoming coronavirus vaccines will have side effects, too, and they might be a little more severe. That’s not necessarily a bad thing, though.
No COVID vaccine has yet been approved in the U.S., but we’re getting closer. One of the top candidates, the Pfizer/BioNTech vaccine, was just authorized for emergency use in the U.K. and could get a similar approval in the U.S. as early as next week. Another, from Moderna, is also under FDA consideration and could also be approved this month. (In both cases, the FDA will consider the safety and efficacy data and make a decision. There’s no guarantee a vaccine will be approved at all, but available information gives us reason to be hopeful.)
Fever and body aches may be common
Makers of both the top vaccine candidates have said that side effects from the vaccine are mild to moderate, which means (if that’s a complete and accurate statement) that they do not pose a serious safety risk. But mild and moderate side effects can still be uncomfortable.
According to the Pfizer vaccine’s UK label, the following side effects are very common, each affecting more than 10% of people who receive the vaccine: pain at the injection site, tiredness, headache, muscle pain, joint pain, chills, and fever. (Note that it’s not necessarily common to have all of these, just that each one is common individually.)
Up to 1 in 10 people may have redness and swelling at the injection site, or experience nausea. And more rarely, people have reported swollen lymph nodes and “feeling unwell,” whatever that means exactly.
For an example of what this looks like, we can look to a few accounts from volunteers in the trials. One person in a vaccine trial—who doesn’t know for sure if she got the real vaccine or a placebo—told MarketWatch that her arm hurt after she got her injection, making her think she probably got the real vaccine. “The day after I got injected, I felt sluggish and tired, with body aches,” she said. “About three weeks later, I received a second injection. Again, my arm felt sore, looked red at the injection site and I had body aches and fatigue.”
At a recent CDC advisory committee meeting, panelists discussed the importance of people understanding that these side effects can happen. You might end up taking a day off from work if you feel crappy, for example. Hospitals and essential businesses may need to account for this fact and, for example, probably shouldn’t vaccinate their entire ICU staff all at the same time.
Side effects mean it’s working
While it might be annoying to experience these symptoms, they’re not a sign of a problem. Vaccines work by spurring our immune systems to react to the faux invader. Fevers, tiredness, and muscle aches are part of our own bodies’ response to an infection, and a mini version of that response often accompanies a vaccine.
COVID is a severe enough disease that the annoyance of these symptoms is, for most of us, well worth the potential benefit of being protected from a severe infection. But if the vaccine is approved and you decide to get it, it’s important to be aware of the possible effects.
Public health experts are afraid that people who experience fevers or tiredness after their first dose might not want to come back for the second. That’s important because most of the vaccine candidates require two doses for full protection. The UK label for the Pfizer vaccine notes that you shouldn’t consider yourself protected until seven days after the second shot. Since the two doses are given at least three weeks apart, this means your protection won’t begin until a month after the first one.
We’ll probably find out more about the vaccines and their side effects around the time of their respective FDA meetings—Dec. 10 for Pfizer and Dec. 17 for Moderna. Stay tuned.
Home Business Tips – 4 Tips to Stop Being Your Own Worst Enemy
During this past week, I have heard the phrase “I’m my own worst enemy” so many times I had to write about it. It is a phrase that many people use often. Becoming your own best friend is much more effective for your health and wellbeing.
Here are four tips to assist you…
1) Be 100% present for you – you will only be successful when you stay 100% present. It would help if you did it for yourself – for your success. As you build your home-based MLM business give it everything you’ve got, don’t leave anything on the table. The people who fail are the ones that treat their business with casual interest, who build their business in “their spare time”. When you are not willing to give it your all, then it likely won’t succeed.
2) Take action NOW – There was a study done by a major university looking for the common factors in people who were successful in business – that common factor is Speed of Implementation. You might ask why that would be important; the reason is that to learn you have to experience. Most people only play the success of their home-based business out in their mind and unfortunately talk themselves out of it before it even has a chance to begin. Once you implement, you begin to see progress and that progress assists you in taking that next step forward, and the next step, and the next step.
3) You must get clear about your why – You are the one who is responsible for keeping yourself motivated. If you are not experiencing the success you want right now, then you must change your approach, there is no magic pill. As you build your home-based MLM business, you will be hit with challenges & obstacles, everyone is. The personal discipline it takes to succeed works way better with why. It will be your driving force. Have more than one reason/why. You’ve got to be specific; I have a way of sponsoring 100 children with Plan Canada, all the way to having luxury bamboo towels.
Put your why in front of you – pictures on the wall, use your computer to gather pictures from everywhere. Your why will pull you forward and help you through the hard times.
4) Then you must use your why as a tool – review it before every training. Repeat it out loud to yourself every morning when you first get up, and every evening before you go to sleep. This way, you will put your brain to work for you because as you go through your day and your training session, you will use your imagination to assist you in making the why to happen! The brain is infinitely powerful, and most of the time is juggling stuff that doesn’t usually matter. Reviewing your why sets your compass – your focus and assists you in using your brain for your good.
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