Latest news with #ShopifyInc
Yahoo
5 days ago
- Business
- Yahoo
Cathie Wood Bets $19 Million More On Jack Dorsey's Block Amid Bitcoin's All-Time High Push, Dumps Shopify Stock
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. On Monday, Cathie Wood-led Ark Invest made significant trades involving Block Inc. (NYSE:XYZ) and Shopify Inc. (NASDAQ:SHOP). The Block Trade saw Ark Invest making substantial purchases of the shares across multiple ETFs. The Ark Fintech Innovation ETF (BATS:ARKF) fund acquired 39,957 shares, while the ARK Innovation ETF (BATS:ARKK) added 152,980 shares, and the ARK Next Generation Internet ETF (BATS:ARKW) bought 69,526 shares. The total value of these purchases amounted to approximately $19.2 million, calculated based on Block's last closing price of $73.03. Trending: The same firms that backed Uber, Venmo and eBay are investing in this pre-IPO company disrupting a $1.8T market — This move comes after Block's recent earnings report, which showed quarterly earnings of 62 cents per share, missing the analyst consensus estimate of 68 cents. Despite this, Block's stock has been gaining attention due to the momentum of its Cash App, as highlighted by analysts. Block's impressive performance in the second quarter has caught the eye of investors. The company reported upbeat earnings, which led to a positive reaction in the stock market. Analysts have been buzzing about the Bitcoin (CRYPTO: BTC)-focused company's potential as a standout performer in this earnings season, with its financial results exceeding expectations in some areas. Bitcoin hovered near its July 14 all-time high of $123,321.10 over the past 24 hours, reaching $122,321.10 on Monday. At the time of writing, it traded at $118,999.21 — about 3.3% below its peak, according to Benzinga Pro Shopify Trade involved Ark Invest selling 69,973 shares of Shopify. through the ARKK fund, amounting to a transaction value of approximately $10.3 million, based on Shopify's last closing price of $147.50. Shopify's second-quarter results showed a 31% year-over-year revenue growth to $2.68 billion, surpassing the analyst consensus estimate of $2.55 billion. Despite the positive sales figures, Ark's decision to sell shares could indicate a strategic move to capitalize on Shopify's current market position. Shopify's strong sales and global momentum have been key factors driving its recent stock performance. The stock has shot up 18.2% over the last 5 days. Even so, Ark has been reducing its exposure to Shopify; Ark sold stock worth $18.4 million last week. Other Key Trades: Personalis Inc. — Bought 59,880 shares via ARKG. Compass Pathways PLC — Bought 23,970 shares through ARKG. Guardant Health Inc. — Sold 7,200 shares through ARKK. CRISPR Therapeutics AG — Bought 1,415 shares through ARKK. Read Next: 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.30/share. If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it? Photo: ChrisStock82 / This article Cathie Wood Bets $19 Million More On Jack Dorsey's Block Amid Bitcoin's All-Time High Push, Dumps Shopify Stock originally appeared on Sign in to access your portfolio
Time of India
06-08-2025
- Business
- Time of India
Shopify stocks surge amid Trump's shifting trade policies, CFO says demand remains unshaken in US
Shopify shares soared 20 percent Wednesday after the company beat analysts' second-quarter forecasts and issued upbeat guidance for the third quarter. One of the most famous e-commerce platforms, Shopify forecast third-quarter revenue above market estimates as demand from retailers for its e-commerce services remains strong despite tariff-related jitters. Second-quarter sales surged 31% year over year to $2.68 billion, an acceleration from a year ago, when revenue expanded roughly 20%. Shopify Inc. reported a profit of US$906 million in its latest quarter as its revenue grew by 31 per cent. The Ottawa-based e-commerce software company's net earnings for the second quarter compared with a US$171 million profit it posted a year ago. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program The upbeat forecast comes as a welcome sign after investor were concerned about around President Donald Trump's shifting trade policies. Shopify said sellers are still signing up for its services, as the company also benefits from investments in artificial intelligence-powered features to help merchants with tasks such as building store websites, generating images and discount codes, and collating sales data, reported news agency Reuters. ALSO READ: Uber shocks Wall Street with massive $20 billion buyback: What it means and why companies do it Last quarter, the company noted there was macroeconomic 'uncertainty ahead,' but that it wasn't seeing significant price increases among its merchants due to the tariffs, according to CNBC. Live Events 'We had factored into our guidance some potential impact from tariffs, which did not materialize,' Shopify CFO Jeff Hoffmeister said on a conference call with investors. Shopify has not seen any drops in demand In the April-June period, Shopify saw revenue growth rates accelerate across regions including North America, Europe, and Asia Pacific, quarter-over-quarter, the company said. Shopify has not seen any drops in demand in the US, CFO Jeff Hoffmeister said on a post-earnings call with analysts, with growth in the region accelerating in the second quarter. The company has also seen price increases across many merchants, Hoffmeister said, without providing further details on the range of price hikes. Many Shopify merchants have raised prices, he added. ALSO READ: Supermodel Heidi Klum, 52, doesn't follow any diet and is starting a 'worm and parasite cleanse'. What is it? The Ontario, Canada-based company expects revenue to rise at a mid- to high-twenties percentage rate in the July-September quarter, while analysts on average estimated a rise of 21.54%, according to data compiled by LSEG. Shopify saw growth across merchant ranges, executives said, noting that sellers above $50 million in annual gross merchandise volume (GMV) and those below $2 million were particularly strong. GMV refers to the total value of products sold on the platform. It reported second-quarter revenue of $2.68 billion, up 31% from last year and above analysts' average estimate of $2.55 billion. GMV jumped to $87.84 billion from $67.25 billion last year. ALSO READ: Sophie Cunningham hit by sex toy in shocking WNBA incident? Fever player tweets exasperated 5-word reaction What is Shopify? Shopify is a commerce platform that helps you sell online and in person. Entrepreneurs, retailers, and global brands use Shopify to process sales, run stores, and grow their businesses. Shopify is an e-commerce platform that helps you start an online store, manage payments, and monitor your business growth. Since Shopify is cloud-based, you can use the Shopify app to monitor your store, transactions, inventory, and more from anywhere, as long as you have an internet connection. Once you have your products, sales, and operational tasks in place on Shopify, you can then grow your products and sales options. ALSO READ: As Covid cases rise in US, RKF Jr sparks uproar as he cancels half-billion dollar in funding for mRNA vaccines How does Shopify work? Shopify is an e-commerce platform that lets you create and sell products online with ease. It helps you design a visually appealing website and automatically provides a built-in point of sale (POS) system. This POS setup allows you to accept full or partial payments through credit cards, debit cards, and gift cards. For those with a physical store, Shopify's POS seamlessly connects your in-store and online transactions, creating one unified system. This integration makes it simple for small businesses to monitor sales, manage inventory, handle marketing, process payments, and more—all from a single dashboard. With free, customizable templates, Shopify ensures your store looks professional while also taking care of security and providing expert support when you need it. Plus, its built-in tools make it easier for shoppers to discover your store online.
Economic Times
06-08-2025
- Business
- Economic Times
Shopify stocks surge amid Trump's shifting trade policies, CFO says demand remains unshaken in US
Synopsis Shopify's shares experienced a significant surge of 20 percent following the announcement of second-quarter results that surpassed analysts' expectations. The company's optimistic outlook for the third quarter, driven by robust demand for its e-commerce services, further fueled investor confidence. Revenue for the second quarter increased by 31%, reaching $2.68 billion, indicating an acceleration in growth compared to the previous year. Reuters In the April-June period, Shopify saw revenue growth rates accelerate across regions including North America, Europe, and Asia Pacific Shopify shares soared 20 percent Wednesday after the company beat analysts' second-quarter forecasts and issued upbeat guidance for the third quarter. One of the most famous e-commerce platforms, Shopify forecast third-quarter revenue above market estimates as demand from retailers for its e-commerce services remains strong despite tariff-related jitters. Second-quarter sales surged 31% year over year to $2.68 billion, an acceleration from a year ago, when revenue expanded roughly 20%. Shopify Inc. reported a profit of US$906 million in its latest quarter as its revenue grew by 31 per cent. The Ottawa-based e-commerce software company's net earnings for the second quarter compared with a US$171 million profit it posted a year ago. The upbeat forecast comes as a welcome sign after investor were concerned about around President Donald Trump's shifting trade policies. Shopify said sellers are still signing up for its services, as the company also benefits from investments in artificial intelligence-powered features to help merchants with tasks such as building store websites, generating images and discount codes, and collating sales data, reported news agency Reuters. ALSO READ: Uber shocks Wall Street with massive $20 billion buyback: What it means and why companies do it Last quarter, the company noted there was macroeconomic 'uncertainty ahead,' but that it wasn't seeing significant price increases among its merchants due to the tariffs, according to CNBC. 'We had factored into our guidance some potential impact from tariffs, which did not materialize,' Shopify CFO Jeff Hoffmeister said on a conference call with investors. In the April-June period, Shopify saw revenue growth rates accelerate across regions including North America, Europe, and Asia Pacific, quarter-over-quarter, the company said. Shopify has not seen any drops in demand in the US, CFO Jeff Hoffmeister said on a post-earnings call with analysts, with growth in the region accelerating in the second quarter. The company has also seen price increases across many merchants, Hoffmeister said, without providing further details on the range of price hikes. Many Shopify merchants have raised prices, he added. ALSO READ: Supermodel Heidi Klum, 52, doesn't follow any diet and is starting a 'worm and parasite cleanse'. What is it? The Ontario, Canada-based company expects revenue to rise at a mid- to high-twenties percentage rate in the July-September quarter, while analysts on average estimated a rise of 21.54%, according to data compiled by saw growth across merchant ranges, executives said, noting that sellers above $50 million in annual gross merchandise volume (GMV) and those below $2 million were particularly strong. GMV refers to the total value of products sold on the reported second-quarter revenue of $2.68 billion, up 31% from last year and above analysts' average estimate of $2.55 billion. GMV jumped to $87.84 billion from $67.25 billion last year. ALSO READ: Sophie Cunningham hit by sex toy in shocking WNBA incident? Fever player tweets exasperated 5-word reaction Shopify is a commerce platform that helps you sell online and in person. Entrepreneurs, retailers, and global brands use Shopify to process sales, run stores, and grow their is an e-commerce platform that helps you start an online store, manage payments, and monitor your business growth. Since Shopify is cloud-based, you can use the Shopify app to monitor your store, transactions, inventory, and more from anywhere, as long as you have an internet connection. Once you have your products, sales, and operational tasks in place on Shopify, you can then grow your products and sales options. ALSO READ: As Covid cases rise in US, RKF Jr sparks uproar as he cancels half-billion dollar in funding for mRNA vaccines Shopify is an e-commerce platform that lets you create and sell products online with ease. It helps you design a visually appealing website and automatically provides a built-in point of sale (POS) system. This POS setup allows you to accept full or partial payments through credit cards, debit cards, and gift those with a physical store, Shopify's POS seamlessly connects your in-store and online transactions, creating one unified system. This integration makes it simple for small businesses to monitor sales, manage inventory, handle marketing, process payments, and more—all from a single free, customizable templates, Shopify ensures your store looks professional while also taking care of security and providing expert support when you need it. Plus, its built-in tools make it easier for shoppers to discover your store online.
Toronto Star
06-08-2025
- Business
- Toronto Star
Shopify records US$906 million profit in Q2 as revenue jumps by 31%
Shopify Inc. reported a profit of US$906 million in its latest quarter as its revenue grew by 31 per cent. The Ottawa-based e-commerce software company's net earnings for the second quarter compared with a US$171 million profit it posted a year ago.
Winnipeg Free Press
06-08-2025
- Business
- Winnipeg Free Press
Shopify records US$906 million profit in Q2 as revenue jumps by 31%
Shopify Inc. reported a profit of US$906 million in its latest quarter as its revenue grew by 31 per cent. The Ottawa-based e-commerce software company's net earnings for the second quarter compared with a US$171 million profit it posted a year ago. The firm, which keeps its books in U.S. dollars, says the profit amounted to 69 cents US per diluted share attributable to shareholders compared with a loss of 13 cents US per diluted share a year earlier. Shopify says its net income excluding the impact of its equity investments for the quarter ended June 30 amounted to US$338 million, up from US$291 million a year ago. Revenue totalled US$2.68 billion for the quarter, up from US$2.04 billion in the same quarter last year. Subscription solutions revenue reached US$656 million, up from US$563 million a year ago, while merchant solutions revenue was US$2.02 billion, up from US$1.48 billion. Wednesdays What's next in arts, life and pop culture. This report by The Canadian Press was first published Aug. 6, 2025. Companies in this story: (TSX:SHOP)
