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Why Shopify Stock Is Skyrocketing Today

TheMotleyFool

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(NYSE: SHOP) stock is surging in Tuesday's trading following the release of the company's third-quarter earnings report. The e-commerce specialist's share price was up 25.6% as of 11 a.m. ET.

Shopify published its Q3 report before the market opened this morning, delivering sales and earnings for the period that beat Wall Street's expectations. Even better, the e-commerce leader's forward guidance came in far better than anticipated.

Today's rally has pushed the stock to a new three-year high.

Source Fool.com