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Shopify also beat Wall Street estimates for the first quarter. The company reported revenue of $1.51 billion, which was up 25% from a year earlier, and exceeded Wall Street’s projected $1.43 ...
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Shopify is the name of its proprietary e-commerce platform for online stores and retail POS (point-of-sale) systems. The platform offers retailers a suite of services, including payments, marketing, shipping and customer engagement tools. [3] As of 2024, Shopify hosts 5.6 million active stores across more than 175 countries. [4]
Shopify's growth stalled, and its stock price collapsed throughout 2022. And while the company has begun digging itself out of the hole, it is still down 66% from its all-time high.
Shopify (NYSE: SHOP) stock is surging in Tuesday's trading following the release of the company's third-quarter earnings report. The e-commerce specialist's share price was up 25.6% as of 11 a.m. ET.
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