$Shopify(SHOP)$ Third-quarter revenue of $1.7 billion was marginally higher than analysts' estimates and represented an increase of 25% over the year-ago quarter. The top-line beat affirms the momentum Shopify has been building in recent quarters, which has 70% year to date.More businesses are signing up for subscriptions and driving steady growth in the company's merchant solutions business. But the stock is also responding to Shopify's improving profitability on the bottom line.Operating income came in at 7% of revenue, or $122 million, reversing last year's operating loss of $346 million. The company's decision to sell its logistics operation to free up resources and lower expenses is clearly paying off, and shareholde
SHOP Jumps 22%: Buy or Sell at High?
Shopify closed up 22.3% on after the Canadian e-commerce company reported third-quarter results that beat expectations, and gave a strong forecast for the remainder of the year. - GMV was over $56 billion up 22% - Revenue hit $1.7 billion and was up 25% - Free Cash Flow was over $270 million ---------------------- Will you buy SHOP after its 20% jump? Are you bullish on SHOP or not? How about its competition with other e-commerce companies? What's your target price for SHOP?
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