US Stock Market Move | Q3 revenue exceeds expectations, Shopify (SHOP.US) surged more than 20% in pre-market trading.

On Tuesday, Shopify (SHOP.US) surged more than 20% in pre-market trading to $108.88. On the news front, Shopify's third-quarter revenue exceeded analysts' expectations, with data showing revenue growth of about 26% to $2.16 billion, higher than analysts' average expectation of $2.12 billion. This marks the sixth consecutive quarter that the e-commerce company has seen revenue growth of over 25% (excluding logistics), indicating that the growth momentum of this Canadian e-commerce company is strengthening as consumer spending continues to shift from offline to online. Looking ahead to the fourth quarter, the company forecasts revenue growth of around 25-29%, compared to analysts' expectations of 23%.