“Shopify shares surge 15% on earnings beat, rosy guidance”
November 2, 2023
“Shopify stock jumped more than 15% on Thursday morning after the Canadian e-commerce company reported third-quarter results that beat expectations, and gave a strong forecast for the remainder of the year.
Here’s how the company did for the quarter compared to LSEG (formerly Refinitiv) consensus expectations:
- Earnings per share: 24 cents, adjusted, vs. 14 cents expected
- Revenue: $1.71 billion vs. $1.67 billion expected
Shopify said it expects 2023 revenue to grow at a mid-twenties percentage rate on a year-over-year basis, driven by fourth-quarter revenue growth in the high teens…”
https://www.cnbc.com/2023/11/02/shopify-shop-earnings-q3-2023.html