Shopify Beats Quarterly Revenue Estimates as AI Tools Attract More Customers

Tiger Newspress11-12 20:08

Shopify beat analysts' estimates for quarterly revenue on Tuesday, as the Canadian company's focus on employing AI-powered tools attracted more merchants to its e-commerce services ahead of the holiday season.

U.S.-listed shares of the company rose 13% in premarket trading.

Shopify, which enables businesses to build and run online stores by providing tools for everything from creating a website to shipping products, has spruced up its services by integrating artificial intelligence-based features this year.

The company in June rolled out its AI assistant Sidekick, which provides sellers with sales reports, data on customer behavior and helps execute tasks such as setting up discount codes, to a wider breadth of merchants on its platform.

Shopify forecast current-quarter revenue would increase in a mid-to-high-twenties percentage range, while analysts expected a rise of 22.7%, according to LSEG data.

The company reported revenue of $2.16 billion for the third quarter ended Sept. 30, compared with analysts' average estimate of $2.11 billion, according to LSEG.

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Yeung siti
11-12 20:24
Yeung siti
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Lily Queen
11-12 20:12
Lily Queen
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estimates for quarterly revenue on Tuesday, as the Canadian company&#39;s focus on employing AI-powered tools attracted more merchants to its e-commerce services ahead of the holiday season.</p><p>U.S.-listed shares of the company rose 13% in premarket trading.</p><p></p><p><img src=\"https://community-static.tradeup.com/news/d1755a5796eaf7a3319f916bb07f5af3\" alt=\"\"/>Shopify, which enables businesses to build and run online stores by providing tools for everything from creating a website to shipping products, has spruced up its services by integrating artificial intelligence-based features this year.</p><p style=\"text-align: start;\">The company in June rolled out its AI assistant Sidekick, which provides sellers with sales reports, data on customer behavior and helps execute tasks such as setting up discount codes, to a wider breadth of merchants on its platform.</p><p style=\"text-align: start;\">Shopify forecast current-quarter revenue would increase in a mid-to-high-twenties percentage range, while analysts expected a rise of 22.7%, according to LSEG data.</p><p style=\"text-align: start;\">The company reported revenue of $2.16 billion for the third quarter ended Sept. 30, compared with analysts&#39; average estimate of $2.11 billion, according to LSEG.</p><p></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SHOP":"Shopify Inc"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118432651","content_text":"Shopify beat analysts' estimates for quarterly revenue on Tuesday, as the Canadian company's focus on employing AI-powered tools attracted more merchants to its e-commerce services ahead of the holiday season.U.S.-listed shares of the company rose 13% in premarket trading.Shopify, which enables businesses to build and run online stores by providing tools for everything from creating a website to shipping products, has spruced up its services by integrating artificial intelligence-based features this year.The company in June rolled out its AI assistant Sidekick, which provides sellers with sales reports, data on customer behavior and helps execute tasks such as setting up discount codes, to a wider breadth of merchants on its platform.Shopify forecast current-quarter revenue would increase in a mid-to-high-twenties percentage range, while analysts expected a rise of 22.7%, according to LSEG data.The company reported revenue of $2.16 billion for the third quarter ended Sept. 30, compared with analysts' average estimate of $2.11 billion, according to LSEG.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":370178608103728,"gmtCreate":1731413570399,"gmtModify":1731415713113,"author":{"id":"4194435232418052","authorId":"4194435232418052","name":"Lily Queen","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4194435232418052","authorIdStr":"4194435232418052"},"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/370178608103728","repostId":1118432651,"repostType":2,"repost":{"id":"1118432651","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1731413322,"share":"https://ttm.financial/m/news/1118432651?lang=&edition=fundamental","pubTime":"2024-11-12 20:08","market":"us","language":"en","title":"Shopify Beats Quarterly Revenue Estimates as AI Tools Attract More Customers","url":"https://stock-news.laohu8.com/highlight/detail?id=1118432651","media":"Tiger Newspress","summary":"Shopify (NYSE:SHOP) reported quarterly sales of $2.162 billion which beat the analyst consensus estimate of $2.113 billion by 2.30 percent. This is a 26.14 percent increase over sales of $1.714 billion the same period last year.U.S.-listed shares of the company rose 13% in premarket trading.","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/SHOP\">Shopify</a> beat analysts&#39; estimates for quarterly revenue on Tuesday, as the Canadian company&#39;s focus on employing AI-powered tools attracted more merchants to its e-commerce services ahead of the holiday season.</p><p>U.S.-listed shares of the company rose 13% in premarket trading.</p><p></p><p><img src=\"https://community-static.tradeup.com/news/d1755a5796eaf7a3319f916bb07f5af3\" alt=\"\"/>Shopify, which enables businesses to build and run online stores by providing tools for everything from creating a website to shipping products, has spruced up its services by integrating artificial intelligence-based features this year.</p><p style=\"text-align: start;\">The company in June rolled out its AI assistant Sidekick, which provides sellers with sales reports, data on customer behavior and helps execute tasks such as setting up discount codes, to a wider breadth of merchants on its platform.</p><p style=\"text-align: start;\">Shopify forecast current-quarter revenue would increase in a mid-to-high-twenties percentage range, while analysts expected a rise of 22.7%, according to LSEG data.</p><p style=\"text-align: start;\">The company reported revenue of $2.16 billion for the third quarter ended Sept. 30, compared with analysts&#39; average estimate of $2.11 billion, according to LSEG.</p><p></p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Shopify Beats Quarterly Revenue Estimates as AI Tools Attract More Customers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShopify Beats Quarterly Revenue Estimates as AI Tools Attract More Customers\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-11-12 20:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/SHOP\">Shopify</a> beat analysts&#39; estimates for quarterly revenue on Tuesday, as the Canadian company&#39;s focus on employing AI-powered tools attracted more merchants to its e-commerce services ahead of the holiday season.</p><p>U.S.-listed shares of the company rose 13% in premarket trading.</p><p></p><p><img src=\"https://community-static.tradeup.com/news/d1755a5796eaf7a3319f916bb07f5af3\" alt=\"\"/>Shopify, which enables businesses to build and run online stores by providing tools for everything from creating a website to shipping products, has spruced up its services by integrating artificial intelligence-based features this year.</p><p style=\"text-align: start;\">The company in June rolled out its AI assistant Sidekick, which provides sellers with sales reports, data on customer behavior and helps execute tasks such as setting up discount codes, to a wider breadth of merchants on its platform.</p><p style=\"text-align: start;\">Shopify forecast current-quarter revenue would increase in a mid-to-high-twenties percentage range, while analysts expected a rise of 22.7%, according to LSEG data.</p><p style=\"text-align: start;\">The company reported revenue of $2.16 billion for the third quarter ended Sept. 30, compared with analysts&#39; average estimate of $2.11 billion, according to LSEG.</p><p></p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SHOP":"Shopify Inc"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118432651","content_text":"Shopify beat analysts' estimates for quarterly revenue on Tuesday, as the Canadian company's focus on employing AI-powered tools attracted more merchants to its e-commerce services ahead of the holiday season.U.S.-listed shares of the company rose 13% in premarket trading.Shopify, which enables businesses to build and run online stores by providing tools for everything from creating a website to shipping products, has spruced up its services by integrating artificial intelligence-based features this year.The company in June rolled out its AI assistant Sidekick, which provides sellers with sales reports, data on customer behavior and helps execute tasks such as setting up discount codes, to a wider breadth of merchants on its platform.Shopify forecast current-quarter revenue would increase in a mid-to-high-twenties percentage range, while analysts expected a rise of 22.7%, according to LSEG data.The company reported revenue of $2.16 billion for the third quarter ended Sept. 30, compared with analysts' average estimate of $2.11 billion, according to LSEG.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":5,"commentSize":2,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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