Canada's Shopify forecasts quarterly revenue above estimates
05/08/2026 12:02
Canada's Shopify forecasts quarterly revenue above estimates Aug 5 - Canada's Shopify SHOP.TO, SHOP.O projected current-quarter revenue growth above Wall Street estimates on Wednesday, signaling the company's AI efforts were drawing more merchants to its suite of e-commerce services and driving broader consumer demand.
The company expects revenue to grow at a low-thirties percentage range in the third quarter, compared with analysts' average estimate for a 26.3% increase, according to data compiled by LSEG.
(Reporting by Deborah Sophia in Bengaluru; Editing by Shinjini Ganguli)