Shopify's third quarter MRR is lower than expected, but strong holiday season sales are anticipated.

According to the Wisdom Financial News app, on Tuesday, Shopify (SHOP.US) announced better-than-expected third-quarter performance and strong fourth-quarter revenue guidance. Shopify's third-quarter revenue increased by 32% to $2.84 billion, surpassing the guidance of 20% to 25%. According to FactSet data, the company's revenue also exceeded Wall Street's expectation of $2.76 billion.