Shopify Skyrockets to Record Highs on Q1 Earnings

E-commerce companies have been among the biggest beneficiaries of changing consumer patterns in the face of COVID-19, which has accelerated the shift away from brick-and-mortar retailers toward online purchasing. More and more merchants are scrambling to set up shop online during the novel coronavirus outbreak, which helped pave the way for Shopify's (NYSE: SHOP) first-quarter earnings beat.

Here's what investors need to know.

Image source: Shopify.

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Source Fool.com