The company, which provides software for small businesses, also gave strong guidance for the third quarter.
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Shopify
shares soared 20% Wednesday after the company topped analysts’ estimates for the second quarter, and gave rosy guidance for the third quarter.
Here’s how the company did, compared with estimates from analysts polled by LSEG:
Second-quarter sales surged 31% year over year to $2.68 billion, an acceleration from a year ago, when revenue expanded roughly 20%.
The company offered guidance for the first quarter that blew past analysts' estimates, projecting revenue would increase at a…
Shopify is up about 50% year to date and reached an all-time high in October.
Mizuho and TD Cowen respectively see Shopify rallying 26% and 34%.
Wayfair has made "fundamental and sustainable" improvements that could benefit the stock after a wild ride this year, according…
EBay reported better-than-expected earnings and revenue in its quarterly report.
On tariffs, "We estimate the impact to add about $1.1 billion to our costs," CEO Tim Cook said.
