Shopify Inc. Surpasses Profit Forecasts, Projects Improved Margins
Shopify Inc. surprised investors by surpassing profit forecasts for the latest quarter and projecting an improvement in margins for the current one. The e-commerce platform, which empowers businesses to operate online stores, reported a net income of $657 million, or 51 cents a share, in the fourth quarter. This was in comparison to a net loss of $623 million, or 49 cents a share, in the same period a year ago.
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