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Shopify Surges on Upbeat Q3: ETFs to Gain [Yahoo! Finance]
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Shares of SHOP gained another 5.7% on Nov. 13 as investors' optimism continued. The stock has a Zacks Rank #2 (Buy). SHOP shares belong to top-ranked (top 25%) Zacks Internet - Services industry and top-ranked (top 13%) Zacks Computer and Technology sector. SHOP's earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average earnings surprise being 24.50%. Find the latest EPS estimates and surprises on Zacks Earnings Calendar Shopify reported third-quarter 2024 non-GAAP earnings of 36 cents per share, beating the Zacks Consensus Estimate by 33.33%. SHOP reported earnings of 24 cents per share in the year-ago quarter. Revenues of $2.16 billion surpassed the Zacks Consensus Estimate by 2.59%. The top line soared 26.1% year over year. Shopify sells software for merchants who run online businesses as well as services such as advertising and payment processing tools. The company has been investing heavily in marketing in recent months. In the third-quart
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