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Shopify Q2 Net Income, Revenue Rise

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Shopify (SHOP.TO) reported second quarter net income attributable to shareholders of $1.16 per share, compared to $0.69 per share a year earlier.

Revenue for the quarter ended June 30 was $3.58 billion compared to $2.68 billion a year earlier, the company added Wednesday.

Analysts polled by FactSet expected revenue of $3.43 billion.

The company expects third quarter revenue to grow at a low-thirties percentage rate on a year-over-year basis, Shopify added.

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