Shopify (SHOP) shares soared to their highest level in nearly three years Tuesday as the provider of online services for retailers posted better-than-anticipated results on strong sales growth.
Shopify shares soared 25% in early trading on Tuesday. The company, which builds software for businesses to run online storefronts, gave a rosy forecast for the holiday quarter.
Shopify stock is up 20% after the company reported Q3 earnings. Is the stock a buy right now?
Shopify (SHOP) surged to the upside after earnings, which Caroline Woods points to another sign that "people keep spending" despite recent economic crutches. ON Holding (ONON) traded down after reporting mixed earnings but the company still raised sales guidance.
E-commerce site Shopify Inc (TSX:SH., NYSE:SHOP) has reported stellar third-quarter financial results with revenue reaching $2.16 billion, marking a 26% year-over-year increase.
A Shopify executive says the company's latest results showed “continued discipline of balancing both future growth investment and operational leverage.”
Shopify beat analysts' estimates for quarterly revenue on Tuesday, as the Canadian company's focus on employing AI-powered tools attracted more merchants to its e-commerce services ahead of the all-important holiday season.
Shopify Inc. SHOP will release earnings results for its third quarter, before the opening bell on Tuesday, Nov. 12.
Shopify Inc (NYSE:SHOP) stock is on the rise today ahead of the company's third-quarter earnings report, due out before the open tomorrow, Nov 12.
Gina Sanchez, chief market strategist at Lido Advisors, joins 'The Exchange' to discuss companies reporting earnings this week: Live Nation, Shopify, and Tyson Foods.
Shopify Inc SHOP will be reporting its third-quarter earnings on Tuesday. Wall Street expects 27 cents in EPS and $2.11 billion in revenues as the company reports before market hours.
Finding strong, market-beating stocks with a positive earnings outlook becomes easier with the Focus List, a top feature of the Zacks Premium portfolio service.