Shopify Stock

2022 - 10 - 27

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Shopify stock soars after earnings as CEO says, 'We plan on ... (MarketWatch)

Shopify Technology Inc. shares were surging in Thursday trading after the e-commerce company notched a smaller loss than anticipated and forecast that its ...

For the full year, Shopify expects that revenue and gross merchandise volume will be “more evenly distributed across the four quarters, similar to 2021,” according to its release. The company announced in July that it would Ultimately, this is a company that likes to be profitable, and we will get back there.” “We said this year as an investment year, but this is a company that thinks deeply about managing expenses, growing revenue… [SHOP, +17.34%](/investing/stock/SHOP?mod=MW_story_quote) [SHOP,](/investing/stock/SHOP?countryCode=CA&mod=MW_story_quote)lost 2 cents a share, while it had posted 8 cents in earnings a year before. Gross merchandise volume increased 11% to $46.2 billion, while analysts tracked by FactSet were anticipating $46.9 billion.

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