Shopify stock skyrockets 21% on revenue beat, rosy holiday forecast
Publishing timestamp: 2024-11-12 16:07:48
Summary
Shopify reported better-than-expected results for the third quarter and gave an optimistic forecast for the holiday shopping season, leading to a 21% jump in shares. The company is attracting a growing number of large customers and expects revenue to grow in the mid- to high-twenties percentage range for the current quarter. Shopify's CFO cited strong revenue growth results and continued strength in merchant GMV as factors driving the upbeat forecast.
Sentiment: POSITIVE
Tickers: SHOP, CRM, SHOP-CA, AMZN, BIGC, WMT,
Keywords: breaking news: technology, bigcommerce holdings inc, shopify inc, technology, salesforce inc, walmart inc, internet, business news, amazon.com inc,