Shopify shares jump 25% after earnings exceed expectations [Wealth Professional (Canada)]
Shopify Inc. Class A Subordinate Voting Shares (SHOP)
Last shopify inc. class a subordinate voting shares earnings: 2/12 07:00 am
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US:NYSE Investor Relations:
investors.shopify.com/home/default.aspx
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Source: Wealth Professional
Shopify Inc.'s shares surged over 25 percent during midday trading on Tuesday, following a quarterly earnings report that surpassed analyst expectations. According to BNN Bloomberg , analysts Samad Samana of Jefferies and Tyler Radke of Citi indicated that Shopify's stock may have further potential for growth. “It was a bang-up quarter across the board, that's the only way to describe it,” remarked Samana, Jefferies' managing director, during a Tuesday interview with BNN Bloomberg Samana noted robust growth in Shopify's top-line performance , margin expansion, and a positive outlook that suggests continued momentum for the Ottawa-based company. Shopify, which operates with US dollar-denominated financials, reported a net income of US$828m for the third quarter, an increase from US$718m a year ago. The company's revenue rose by 26 percent to reach US$2.16bn, exceeding Bloomberg analysts' projected average of US$2.12bn. Shopify anticipates strong sales growth extending into t
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News
- What Makes Shopify (SHOP) a Strong Momentum Stock: Buy Now? [Yahoo! Finance]Yahoo! Finance
- Shopify Inc. (NYSE: SHOP) was downgraded by analysts at DZ Bank AG from a "hold" rating to a "sell" rating.MarketBeat
- Is Trending Stock Shopify Inc. (SHOP) a Buy Now? [Yahoo! Finance]Yahoo! Finance
- It's time to look past the Magnificent Seven and invest in these standout Canadian tech stocks [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Shopify Inc. (SHOP): Among ARK Invest's Top Stock Picks for 2024 [Yahoo! Finance]Yahoo! Finance
SHOP
Earnings
- 8/7/24 - Beat
SHOP
Sec Filings
- 11/15/24 - Form 144
- 11/13/24 - Form 144
- 11/13/24 - Form 144
- SHOP's page on the SEC website