Shopify Stock Soars on Earnings. Here’s What Gave Results a Big Boost. - Barron's
1. SHOP's Q2 net income reached $906 million, vastly exceeding expectations. 2. Revenue of $2.68 billion also surpassed projections of $2.55 billion. 3. Gross merchandise volume increased significantly to $87.8 billion year-over-year. 4. Adjusted net income was below forecasts but improved from last year. 5. SHOP stock rose 16% in premarket trading following the announcement.