Shopify’s stock up nearly 8% in premarket after quarterly results top targets
Shares of Shopify Inc. SHOP, +0.22% soared 8.9% toward a record high in premarket trading Wednesday, after the provider of retail management services reported fourth-quarter earnings that beat expectations and provided an upbeat full-year revenue outlook. The company swung to net income of $4.1 million, or a penny a share, from a loss of $12.0 million, or a penny a share, in the year-ago period.
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