Shopify posts lower-than-expected loss as it adds more merchants

(Reuters) – Canadian e-commerce software maker Shopify Inc reported a smaller-than-expected quarterly loss as more small and medium-sized merchants used its platform, and the company said it now expected a smaller operating loss for the year. Merchants use Shopify's software to design, set up and manage their stores across sales channels including the web, mobile devices, social media and brick-and-mortar outlets. Shopify, which went public in May last year, said it now expected a full-year operating loss of $37 million-$41 million, compared with its previous forecast of $41 million-$47 million.

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