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Benzinga

Business

Anusuya Lahiri

Shopify Stock Pops On Strong Sales, Global Momentum - CFO Highlights Merchant Surge Across Regions

Shopify Inc.

Shopify (NASDAQ:SHOP) stock gained after the company reported fiscal second-quarter results on Wednesday. The company’s quarterly revenue growth of 31% year-over-year to $2.68 billion beat the analyst consensus estimate of $2.55 billion.

The e-commerce platform company reported adjusted EPS of 35 cents, up 34.6% Y/Y, but missed the analyst consensus estimate of 29 cents.

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