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Shopify Surges On Strong Sales Growth Outlook [Yahoo! Finance]
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Most Read from Bloomberg The Leaf Blowers Will Not Go Quietly Arizona Elections Signal Robust Immigration Enforcement Under Trump Scoring an Architectural Breakthrough in Denver's RiNo District Shopify said it expects percentage revenue growth for the current quarter ending in December to be in the mid to high twenties on a year-over-year basis. Analysts were looking for 23%. Shopify added 16 new enterprise clients in the third quarter, President Harley Finkelstein told investors on a Tuesday call. That helped boost revenue for the period by 26% to $2.16 billion, the company said in a statement Tuesday, beating the $2.12 billion average estimate of analysts surveyed by Bloomberg. In addition to attracting bigger customers, Shopify is benefiting from strength across Europe, more clients using its in-store payments tools and rapid growth in the business-to-business segment that's attracting wholesale suppliers, Finkelstein said. “Shopify is not just for small businesses i
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