Shopify stock soars 20% on rosy guidance as CFO says tariff hit 'did not materialize'

Core Viewpoint - Shopify's shares increased by 20% following strong second-quarter results and optimistic third-quarter guidance, indicating robust performance amidst macroeconomic challenges [1][2][3] Financial Performance - Second-quarter sales rose 31% year over year to $2.68 billion, an acceleration from the previous year's 20% growth [1] - Earnings per share were reported at 35 cents adjusted, surpassing the expected 29 cents [4] - Revenue exceeded analyst expectations, with actual figures at $2.68 billion compared to the forecast of $2.55 billion [4] Future Guidance - For the third quarter, Shopify anticipates revenue growth in the "mid-to-high twenties percentage rate," exceeding the 21.7% growth projected by analysts [2] - The company has factored in potential impacts from tariffs into its guidance, which did not materialize as expected [3]