The Shopify logo is pictured outside the The Well building on Spadina Ave. in Toronto.Shares of Shopify popped as much as 22% in early trading on Wednesday after the Canadian e-commerce company topped expectations for the second quarter, citing strong demand despite "a mixed consumer spend environment."Here's how the company did:Earnings: 26 cents per share vs. 20 cents per share expected by LSEGRevenue: $2.05 billion vs. $2.01 billion expected by LSEGThe company said gross merchandise volume, or the total ...

Shopify (SHOP) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 30%. A quarter ago, it was expected that this cloud-based commerce company would post earnings of $0.16 per share when it actually produced earnings of $0.20, delivering a surprise of 25%.Over the last four quarters, the c ...

Shopify stock is up 17% after the company reported Q2 earnings.In today's video, I will talk about Shopify's (SHOP 3.75%) second-quarter earnings report. Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Aug. 6, 2024. The video was published on Aug. 7, 2024. ...

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EXHIBIT 99.2 MANAGEMENT'S DISCUSSION AND ANALYSIS August 6, 2024 In this Management's Discussion and Analysis ("MD&A"), "we", "us", "our", "Shopify" and "the Company" refer to Shopify Inc. and its consolidated subsidiaries, unless the context requires otherwise. In this MD&A, we present Shopify's results of operations and cash flows for the three and six months ended June 30, 2024 and 2023, and our financial position as of June 30, 2024. You should read this MD&A together with our unaudited condensed consol ...

Shopify Announces Second-Quarter 2024 Financial ResultsAugust 07, 2024 7:00 AM EDT | Source: ShopifyRevenue up 21%, and up 25% Adjusting for the Sale of Our Logistics Businesses;Gross Profit up 25% Year Over Year;Free Cash Flow Margin More Than Doubled Year Over Year to 16% Internet, Everywhere--(Newsfile Corp. - August 7, 2024) - Shopify Inc. (NYSE, TSX: SHOP), announced today financial results for the quarter ended June 30, 2024."Our Q2 results make it clear: Shopify is rapidly strengthening ...

The e-commerce services provider still has a bright future.Shopify's (SHOP -6.43%) shares hit a record high of $169.06 on Nov. 19, 2021. The e-commerce platform impressed the bulls with its accelerating growth, which was driven primarily by businesses selling more products online during the pandemic. The buying frenzy in growth and meme stocks amplified those gains.Trading at about $60 today, Shopify's stock has dropped a long way from those highs. The business has lost its luster over the past three years ...

Wall Street analysts expect Shopify (SHOP) to post quarterly earnings of $0.20 per share in its upcoming report, which indicates a year-over-year increase of 42.9%. Revenues are expected to be $2 billion, up 18.3% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 3.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Before a company ...

We are in the middle of the second-quarter 2024 earnings period. So far, results exceeded expectations. As of Jul 31, 285 companies of the S&P 500 Index — popularly known as Wall Street’s broad-market index — reported their quarterly financial numbers. Total earnings for these index members increased 9.8% from the same period last year on 4.8% higher revenues, with 80.7% beating EPS estimates and 59.6% beating revenue estimates. At present, total earnings of the S&P 500 Index in the second quarter are expec ...

Shopify (SHOP) closed at $59.87 in the latest trading session, marking a -0.12% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.08%. At the same time, the Dow lost 0.12%, and the tech-heavy Nasdaq gained 0.07%.The cloud-based commerce company's stock has dropped by 9.25% in the past month, falling short of the Computer and Technology sector's loss of 4.62% and the S&P 500's loss of 0.21%.The investment community will be paying close attention to the earnings performan ...