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.

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

Jul 29, 2020

bullish

general Analysis

[< 1 min Read]

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.
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SHOP.TO

Shopify Inc.

42.33

-2.77
-6.15%

Return

-
Position Return %
0.00
Position Return
1460.07
Price When Posted

Metrics

1800.00
Target Price
8/ 10
Confidence
1-2 Weeks
Timeframe
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Earnings Release
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News
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SEC
Filing
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Sentiment
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