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FINWIRES

Update: Shopify Up 21% Pre-Market as its Q2 Net Income and Revenue Rise

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(Updates to add pre-market Nasdaq trading.)

Shopify (SHOP.TO, SHOP), last seen up 21% in pre-market Nasdaq trade, 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.

Shares of the financial technologies company were up $25.93 to $149.23 in premarket Nasdaq trade. They closed up C$9.23 to C$173.41 Tuesday on the Toronto Stock Exchange.

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