Shopify jumps on revenue beat and raised full-year guidance
+16.98% to $144.24 from $123.30
What moved SHOP
- Q2 revenue rose 34% year-over-year to $3.58 billion, beating the $3.45 billion analyst estimate.
- GAAP EPS of $1.16 far exceeded the $0.31 Wall Street had expected.
- Gross merchandise volume climbed 32% year-over-year to $115.57 billion, and free cash flow margin came in at 18%.
- Management raised guidance for both full-year revenue growth and free cash flow margin following the results.
Sources: Yahoo Finance