Shopify beats quarterly revenue estimates on demand during holiday shopping season

Shopify beats quarterly revenue estimates on demand during holiday shopping season

Canada’s Shopify SHOP-T topped Wall Street estimates for fourth-quarter revenue on Tuesday, riding on demand for its ecommerce services from merchants during the holiday shopping season. Shopify, which offers tools and services for businesses to set up their online stores, has launched new tools and offerings along with artificial intelligence products to stay ahead in a competitive e-commerce space. Total revenue was $2.14-billion for the three months to December, compared with analysts’ average estimate of $2.08-billion, according to LSEG data. …