News Formal

Shopify scores a big profit beat, and its stock is surging after earnings

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 97%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Company expects free cash flow margin to improve further in fourth quarter

Shopify Inc. shares were surging about 8% in Thursday’s premarket action after the company easily topped profit expectations for its third quarter.

Revenue rose to $1.71 billion from $1.37 billion and edged the FactSet consensus, which was for $1.67 billion. The company saw 29% growth in its subscriptions-solutions revenue, which reached $486 million, along with 24% growth in the merchant-solutions category, which raked in $1.23 billion in revenue.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CVS Health’s stock up after earnings beat, but company lowers full-year EPS guidanceCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Source: MarketWatch - 🏆 3. / 97 Read more »

Zillow's stock drops 4% after real-estate company lowers revenue outlookInvestors focused on weaker outlook for current quarter
Source: MarketWatch - 🏆 3. / 97 Read more »

SolarEdge’s stock tanks 22% after company swings to surprise loss, revenue dropClaudia Assis is a San Francisco-based reporter for MarketWatch. Follow her on Twitter ClaudiaAssisMW.
Source: MarketWatch - 🏆 3. / 97 Read more »