Shopify's 25% gain sends Canada's benchmark stock index to all-time highs [Yahoo! Finance]
ADIDAS AG S/ADR (ADDYY)
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Source: Yahoo! Finance
The gains added fuel to Canada's stock rally, helping the market touch record highs. The e-commerce giant holds the most weight of any stock on Canada's benchmark index. Shopify shares soared Tuesday, lifting Canda's benchmark stock index. Shares of the e-commerce firm popped as much as 25% after reporting revenue that beat estimates and giving strong guidance for the holiday season. With the heaviest weighting on Canada's benchmark index, Shopify's gains pushed the S&P/TSX Composite Index up as much as 1% on Tuesday to touch nearly 25,025, marking the first time the index has crossed the 25,000 threshold. The company, which builds software to power online storefronts, reported earnings per share of $0.35, beating forecasts of $0.26 according to LSEG estimates. Revenue, meanwhile, came in at $2.16 billion versus estimates of $2.12 billion. Going forward, the company says it expects revenue growth in the mid- to high-twenties percentage for the present quarter, above forec
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