Shopify shares surge 20% on earnings beat, rosy guidance
Publishing timestamp: 2023-11-02 12:56:33
Summary
Shopify reported better-than-expected third-quarter results and provided a strong forecast for the remainder of the year. The company's stock jumped more than 20% as a result. Shopify's earnings per share and revenue exceeded consensus expectations, and it expects revenue to continue growing in the mid-twenties percentage rate in 2023. The company also announced partnerships and investments to expand its seller ecosystem.
Sentiment: POSITIVE
Keywords: technology, business news, breaking news: technology, shopify inc, factset research systems inc, earnings,
Source: https://www.cnbc.com/2023/11/02/shopify-shop-earnings-q3-2023.html