Shopify (NYSE: SHOP) reported second-quarter 2021 financial results before the regular market hours on Wednesday. The ecommerce giant reported Q2 revenue of $1.12 billion, up 57% year-over-year and higher than the Wall Street projection. Net income of $2.24 per share was also above the target that analysts had anticipated.
SHOP shares rose 0.7% immediately following the announcement. The stock has gained 42% since the beginning of this year.