Browsing: Shopify

GMV: $116 billion, up 32% year-over-year, marking the fifth consecutive quarter of GMV growth above 30%.

The company reported adjusted earnings of 42 cents per share, topping the analyst consensus estimate of 40 cents. Revenue increased 34.3% year over year to $3.58 billion, exceeding the consensus estimate of $3.45 billion.

Shopify (NASDAQ:SHOP), the e-commerce platform powering millions of online businesses, crushed expectations in the second quarter and sent its shares soaring about 26% in premarket trading. Revenue surged 34% year over year to $3.58 billion, and management followed that up with another confidence boost by forecasting low-30% revenue growth for the third quarter. That’s even…

SHPU is a single-stock leveraged ETF designed to deliver 200% of Shopify’s daily price performance before fees and expenses. The fund is intended for short-term tactical trading, with daily compounding meaning returns can diverge from twice the stock’s performance over longer holding periods.

Shares of Shopify (NASDAQ: SHOP) charged sharply higher on Wednesday, surging as much as 24.7%. As of 11:46 a.m. ET, the stock was still up 17.5%.

Shopify (SHOP) came out with quarterly earnings of $0.42 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.

Investing.com – U.S. stock index futures were broadly higher on Wednesday as investors drew cautious optimism from signs that negotiations to reopen the Strait of Hormuz could be gaining traction, although disappointing reactions to earnings from Advanced Micro Devices and privately held SpaceX tempered enthusiasm for technology shares.

Shopify, the Ottawa-based e-commerce software firm, had been having a rough stretch. Heading into Tuesday’s close, the stock was down 23% year to date.

Shopify Inc (TSX:SH., NYSE:SHOP) shares jumped 18% Wednesday after the e-commerce platform reported second-quarter results that topped Wall Street expectations and provided a forecast for continued double-digit growth.

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