.jpg)
15 hours ago
1
Article content
Shopify Inc. shares jumped after last quarter’s revenue and its third-quarter outlook beat expectations.
THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
SUBSCRIBE TO UNLOCK MORE ARTICLES
Subscribe now to read the latest news in your city and across Canada.
- Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.
- Daily content from Financial Times, the world's leading global business publication.
- Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.
- National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.
- Daily puzzles, including the New York Times Crossword.
REGISTER / SIGN IN TO UNLOCK MORE ARTICLES
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account.
- Share your thoughts and join the conversation in the comments.
- Enjoy additional articles per month.
- Get email updates from your favourite authors.
THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.
Create an account or sign in to continue with your reading experience.
- Access articles from across Canada with one account
- Share your thoughts and join the conversation in the comments
- Enjoy additional articles per month
- Get email updates from your favourite authors
Sign In or Create an Account
or
Article content
The stock rallied as much as 17 per cent in U.S. pre-market trading. Revenue in the second quarter advanced 31 per cent, ahead of the 25 per cent increase analysts anticipated, as growth accelerated in all regions.
Article content
Article content
“Europe was a particular source of strength, where GMV grew 42 per cent on a constant currency basis,” chief financial officer Jeff Hoffmeister said in a statement.
Article content
The Ottawa-based company said it sees revenue growing at a mid-to-high twenties percentage rate in the third quarter, versus analyst estimates of a 22 per cent rise. Gross profit growth is expected to be in the low-twenties percentage, compared with consensus for a 17 per cent increase.
Article content
Revenue growth was likely due to larger merchants joining the platform, given its outlook for the third quarter, rather than consumers pulling forward purchases ahead of tariffs, Bloomberg Intelligence said.
Article content
Article content
Article content
Advertisement 1
English (US)