From Nasdaq: 2024-12-12 11:30:29

Shopify’s Q3 earnings beat estimates with non-GAAP earnings of 36 cents per share and revenues of $2.16 billion, up 26.1% year over year. The company’s top line growth is driven by a growing merchant base and diversified Payments product offerings. Operating expenses rose 7.2% year over year, with total operating expenses at $835 million.

For Q4 2024, Shopify expects revenues to grow at a mid-to-high twenties percentage rate. Estimates have been trending upward, leading to a Zacks Rank #2 (Buy) for the stock. Shopify is part of the Zacks Internet – Services industry, where Alphabet reported an increase in revenues of 16.4% year over year in the last quarter.

Alphabet is expected to post earnings of $2.12 per share for the current quarter, a change of +29.3% from the year-ago quarter. The stock has a Zacks Rank #3 (Hold) and a VGM Score of B. Zacks is naming the top 10 stocks for 2025, with a history of significant performance gains and a new release set for January 2.



Read more at Nasdaq: Why Is Shopify (SHOP) Up 2% Since Last Earnings Report?