Shopify Could Surprise Investors Again With Its Q2 Earnings
After following the broader market lower to end 2018, Shopify (NYSE: SHOP) has come rocketing back this year, with its share price up more than 160% from its December lows. Several factors have contributed to the outsize gains. The company produced better-than-expected first-quarter results, signaling that its growth story remains intact. Last month, it sent investor enthusiasm soaring with a number of important announcements that showed that the company isn't taking its foot off the product-development gas pedal.
Investors will be watching for any signs of weakness when Shopify reports the results of its recently completed second quarter after the market close on Thursday, Aug. 1. Let's review the first-quarter numbers and the company's recent announcements to see if they provide any clues as to what investors can expect when it reports earnings.
Image source: Shopify.
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