SHOP Shopify Inc

Shares of Shopify (NYSE: SHOP) were on an upward trajectory in pre-market trading on Thursday as the e-commerce company announced revenues of $1.4 billion in the third quarter, up by 22% year-over-year, coming in ahead of consensus estimates by $30 million. Adjusted net loss came in at $0.02 per share versus $0.08 per share in the same period last year. Analysts were expecting a loss of $0.07 per share in Q3. The company's Gross Merchandize Value (GMV) increased 11% year-over-year to $46.2 billion while its merchant solutions revenue as a percentage of GMV was 2.14%, "the highest level in Shopify’s history.
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