Grab the bag! Shopify just beat it's Q2 Earning's Report

The Canadian-based merchant earnings reports were released early Wednesday morning. The company reported that the second-quarter revenue rose 97% to $714.3 million from a year earlier. This was likely attributed to the shift in consumer habits to e-commerce amid the COVID-19 pandemic. New stores created on Shopify grew 71% in the second quarter compared to the first quarter, while gross merchandise volume grew 119% year over year.

back
photo-url-https://api.utradea.com/profile_pictures/60ac376bce93660825505f09.jpeg

vicxnguyen

Jul 29, 2020
· POSITION CLOSED

1.00%

Position Return %

1460.07

Price When Posted

14.61

Position Return

SHOP.TO

Shopify Inc.

1893.67

23.38
1.25%
Current Price

Grab the bag! Shopify just beat it's Q2 Earning's Report

bullish
The Canadian-based merchant earnings reports were released early Wednesday morning. The company reported that the second-quarter revenue rose 97% to $714.3 million from a year earlier. This was likely attributed to the shift in consumer habits to e-commerce amid the COVID-19 pandemic. New stores created on Shopify grew 71% in the second quarter compared to the first quarter, while gross merchandise volume grew 119% year over year.
Comments

Write your comment....

Sign in to comment

read-time
< 1 min

1800.00

Target Price

8/ 10

Confidence

1-2 Weeks

Timeframe
catalyst icon
Earnings Release
catalyst icon
News
catalyst icon
SEC Filing
catalyst icon
Sentiment
catalyst icon
Other Catalyst

SHOP.TO Channel

Start new chat
next