US Stock Market Move | Shopify (SHOP.US) rose over 19% in Q2 revenue exceeded expectations.
As of the time of publication, the stock has risen by over 19% to $151.53.
On Wednesday, Shopify (SHOP.US) stock price rose, with the stock up over 19% to $151.53 as of the time of writing. Data shows that the company's second-quarter revenue has increased by 31% to $2.68 billion, exceeding analysts' expectations of 25%, and growth has accelerated in all regions. Chief Financial Officer Jeff Hoffmaster said in a statement, "Shopify has once again delivered excellent quarterly performance, with growth in merchandise transaction volume (GMV) and revenue accelerating quarter-over-quarter in North America, Europe, and the Asia-Pacific region. The performance in the European market has been particularly strong, with GMV growing by 42% at constant exchange rates. Merchants of all sizes, from first-time entrepreneurs to global brands, are choosing Shopify to expand their businesses, and their success is driving our own success."
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