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Shopify: Q1 Earnings Snapshot

OTTAWA, Ontario (AP) — OTTAWA, Ontario (AP) — Shopify Inc. (SHOP) on Tuesday reported a loss of $581 million in its first quarter.

On a per-share basis, the Ottawa, Ontario-based company said it had a loss of 45 cents. Earnings, adjusted for one-time gains and costs, came to 36 cents per share.

The results exceeded Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.

The cloud-based commerce company posted revenue of $3.17 billion in the period, also topping Street forecasts. Twelve analysts surveyed by Zacks expected $3.08 billion.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHOP at https://www.zacks.com/ap/SHOP

1 person killed in Maine shooting involving ICE, state House speaker says

▶ Watch Video: Young person killed in Maine shooting involving ICE, immigrant rights group says A person was killed during a shooting in Maine involving U.S. Immigration and Customs Enforcement on Monday morning, state House Speaker Ryan Fecteau said.The police department in Biddeford, Maine, said in a statement that it responded to an incident involving ICE personnel at the intersection of Pool and Hill streets on Monday morning and was providing security at the scene. The department directed inquiries about the incident to ICE.Project Relief Maine, an immigrant advocacy group, said in a statement on social media that the person who was killed was one of their community members."We are in contact with the family and are committed to supporting them during this unimaginable time," the group said. "This was a young person whose life was cut short, and our community must come together to stand with their loved ones and ensure they are not alone. They must get justice."Maine Gov. Janet Mills said she was briefed on the shooting. "I know that situations like these are alarming and frightening," she said in a statement.Crews work the scene after a shooting in Biddeford, Maine, July 13, 2026. WGME-TV
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