The e-commerce software platform keeps putting up impressive growth figures.Shares of Shopify (SHOP 7.29%) popped over 25% this week, according to data from S&P Global Market Intelligence. The e-commerce software and payments platform reported earnings for the second quarter that wowed investors. After seeing slowing growth coming out of the COVID-19 pandemic boom, Shopify has gotten its mojo back and is now generating a solid amount of profits. However, the stock is still down year to date as of after the ...

Iryna Tolmachova/iStock Editorial via Getty ImagesE-commerce company Shopify (NYSE:SHOP)(TSX:SHOP:CA) reported better than expected June-quarter results on Wednesday that resulted in a sharp increase in Shopify’s share price after earnings. A solid revenue outlook for Q3, strong growth in gross merchandise volume and improving free cash flow margins were all reasons why shares of Shopify closed 17% higher on Wednesday. I continue to see a huge e-Commerce market opportunity for Shopify and upside potenti ...

Shopify’s (SHOP)  stock has soared over +20% since exceeding its Q2 top and bottom line expectations on Tuesday and investors may ponder chasing the rally.Let’s see if it’s still time to buy SHOP with Shopify having notable clients such as Target (TGT)  while helping a broad range of companies scale their businesses through its multi-channel commerce platform.Image Source: Zacks Investment ResearchShopify’s Q2 ResultsShopify's Q2 sales increased 21% to $2.04 billion versus $1.69 billion in the comparative q ...

Shopify (SHOP) reported second-quarter 2024 adjusted earnings of 26 cents per share, comfortably beating the Zacks Consensus Estimate by 30%. The figure jumped 85.7% year over year.Total revenues jumped 20.7% year over year to $2.05 billion, which beat the Zacks Consensus Estimate by 2.03%. After adjusting for the sale of the logistics business, revenues jumped 25% year over year.Quarter in DetailSubscription Solutions revenues increased 26.8% year over year to $563 million, primarily due to more merchants ...

Shopify TodaySHOPShopify$63.87 +9.65 (+17.80%) 52-Week Range$45.50▼$91.57Price Target$76.78Add to WatchlistShopify’s (NYSE: SHOP) Q2 results prove it can navigate and thrive in a challenging environment. Highlights include outperformance in every metric, robust cash and free cash flow, and an outlook for market-beating growth and margin over the coming year. The net result is that the stock price is up 25% on the news and still has at least 15% upside forecasted. The critical takeaway is that this company i ...

Key TakeawaysShopify said it expects low-to-mid-20s-percent revenue growth in the current quarter, above analysts' projections.The company, which provides technological infrastructure for online merchants, swung to a second-quarter profit of $171 million from a loss of $1.31 billion a year ago.Shopify shares soared 20% in intraday trading Wednesday. Shopify (SHOP) stock surged Wednesday after the e-commerce merchant technology company delivered second-quarter results that surpassed analysts' expectations, a ...

Shopify impressed in its latest quarterly earnings report.Shares of Shopify (SHOP 22.32%) surged today after the e-commerce software leader posted strong results in its second-quarter earnings report. The company beat estimates on the top and bottom lines and called for accelerating revenue growth in the third quarter.As a result, the stock was up 22.9% as of 11:41 a.m. ET. Shopify gets a perfect scoreShopify has been highly volatile since the end of the pandemic, and the stock has a history of swinging on ...

Q2 2024 Financial Results August 7, 2024 Advisories This presentation contains forward-looking statements that are based on our management's current estimates, beliefs and assumptions, which are based on management's perception of historic trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. Although we believe that the plans, intentions, expectations, assumptions and strategies reflected in these forward-looking stat ...

Shopify Inc. (NYSE:SHOP) Q2 2024 Earnings Call Transcript August 7, 2024 8:30 AM ET Company Participants Carrie Gillard - Director of IR Harley Finkelstein - President Jeff Hoffmeister - CFO Conference Call Participants Bhavin Shah - Deutsche Bank Ken Wong - Oppenheimer Brad Sills - Bank of America Gabriela Borges - Goldman Sachs Craig Maurer - Financial Technology Partners Keith Weiss - Morgan Stanley Paul Treiber - RBC Capital Tim Chiodo - UBS Tyler Radke - Citi Investment Richard Tse - National Bank Carr ...

For the quarter ended June 2024, Shopify (SHOP) reported revenue of $2.05 billion, up 20.7% over the same period last year. EPS came in at $0.26, compared to $0.14 in the year-ago quarter.The reported revenue represents a surprise of +2.03% over the Zacks Consensus Estimate of $2 billion. With the consensus EPS estimate being $0.20, the EPS surprise was +30.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations ...