Shopify raises forecast for 2020 after nearly 50% jump in revenue
The stock has risen more than 70% from November
12 February 2020 - 18:10
New York — Shopify reported fourth-quarter revenue on Wednesday that topped analysts’ estimates and gave an optimistic forecast for 2020, boosted by holiday shopping and add-on services such as payment and marketing tools.
The shares surged the most in almost four years. Sales grew by 47% to $505.2m in the quarter, Ottawa-based Shopify said in a statement. Analysts expected $481.6m, according to data compiled by Bloomberg...
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