Shopify Defies 'Mixed' Consumer Environment, Issues Rosy Guidance

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 ...