Reported 1 day ago
Shopify Inc. (NASDAQ:SHOP) has provided optimistic guidance for the third quarter, expecting revenue growth in the mid-to-high twenties percentage range and gross profit rising in the low-to-mid twenties. Following a strong second quarter with a 31% year-over-year revenue increase to $2.7 billion, Shopify is maintaining its focus on innovation and international expansion. Despite a slight miss on earnings per share, the company continues to generate a healthy free cash flow margin, marking its eighth consecutive quarter of double-digit growth.
Source: YAHOO