Investing.com - Shopify reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.41 on revenue of $957M. Analysts polled by Investing.com anticipated EPS of $-0.01 on revenue of $695.74M. .
Shopify shares gained 7.34% to trade at $1,405.00 in intra-day trade following the report.
For the year, Shopify shares are up 172.13%, outperforming the S&P/TSX which is down 4.67% year to date.
Shopify follows other major Technology sector earnings this month
On Wednesday, CGI Inc reported third quarter EPS of $1.18 on revenue of $3.05B, compared to forecasts of EPS of $1.12 on revenue of $2.98B.
Celestica Inc. earnings beat analyst's expectations on Wednesday, with second quarter EPS of $0.33 on revenue of $2B. Investing.com analysts expected EPS of $0.2 on revenue of $1.82B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar