Canada's Shopify sees second-quarter revenue above market estimates
ReutersMay 8, 2025 11:03 AM
May 8 (Reuters) - Shopify SHOP.TO, SHOP.O forecast second-quarter revenue above Wall Street estimates on Thursday, signaling the e-commerce company was steadily pulling in sellers even as global trade uncertainty threatens to hit retail businesses.
The Ontario, Canada-based company said it expects revenue to grow in the mid-twenties percentage range in the current quarter, while analysts on average estimate growth of 22.4%, according to data compiled by LSEG.
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