Shopify's performance exceeded expectations, and its stock price rose by 17% in pre-market trading.

Jin10 data reported on August 6, following the announcement of last quarter's revenue and third quarter outlook both exceeding expectations, Canadian e-commerce software developer Shopify's stock price surged significantly. The company's stock rose as much as 17% in pre-market trading in the U.S. Second-quarter revenue rose 31%, above analysts' expectations of 25%, with growth accelerating in all regions. Shopify's Chief Financial Officer stated in a statement, "Europe is a particularly strong driver of growth, with gross merchandise volume (GMV) in the European region rising 42% at constant exchange rates." The Ottawa-based company expects third-quarter revenue to grow at a percentage rate in the mid-high 20% range, while analysts had previously expected a growth rate of 22%. Gross profit growth is expected to be in the low 20% range, compared to a market consensus growth rate of 17%.