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Shopify stock is up 21%: They beat expectations for the sixth consecutive quarter
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$Shopify (SHOP.US)$ $Shopify Inc (SHOP.CA)$ stock is up 15% in pre-market trading after beating expectations for the sixth consecutive quart Show More
$Shopify (SHOP.US)$ $Shopify Inc (SHOP.CA)$ stock is up 15% in pre-market trading after beating expectations for the sixth consecutive quarter. The company reported Q3 revenue surpassing analysts' forecasts, driven by strong demand for AI-enhanced e-commerce services. Watch the earnings call now>>
Jeff Hoffmeister, Chief Financial Officer of Shopify, said, "Shopify achieved 26% revenue growth and 19% free cash flow margin this quarter, marking our sixth consecutive quarter of greater than 25% revenue growth excluding logistics.
Shopify's shares surged 21% on Tuesday.
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