Canada's Shopify , beat second-quarter revenue expectations on Wednesday, helped by new signups and price increases across its services.
The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, Canada, September 28, 2018. REUTERS/Chris Wattie, beat second-quarter revenue expectations on Wednesday, helped by new signups and price increases across its services.
"We're not just shipping products faster, but we are also expanding our global merchant base," said Harley Finkelstein, president at Shopify. Following the results, Shopify's U.S.-listed shares, which have surged nearly 80% so far this year, added 7% before settling marginally higher in extended trading.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Shopify's quiet layoffs as workers fear more cuts amid AI pushShopify has conducted quiet layoffs in recent weeks. Big AI plans have workers worried a larger cut is on the way.
Read more »
Shopify makes progress on free cash flow, but stock moves lower after earningsShopify easily topped adjusted profit expectations for its latest quarter, though its shares were headed lower in Wednesday's after-hours action.
Read more »
Litecoin ‘Halving,’ Set for Wednesday, Should Harden Supplies of ‘Digital Silver’The once-ever-four-years 'halving' on the Litecoin blockchain, set for Wednesday, means that the pace of new issuance of units of the LTC cryptocurrency will be cut in half. The dynamic is similar to the 'hard money' mechanics that crypto analysts say helps to boost bitcoin's price.
Read more »
Chicago weather: Warmer, more humid Wednesday and ThursdayGood evening, Chicago! Here's your weather report for the upcoming days:
Read more »
Horoscopes: Wednesday, Aug. 2, 2023Daily News | Horoscopes: Wednesday, Aug. 2, 2023
Read more »