Aug 6 (Reuters) - Shopify ( SHOP ) forecast
third-quarter revenue above market estimates on Wednesday, as
its AI features and platform upgrades boosted demand for its
e-commerce services despite tariff-related uncertainty
pressuring retail businesses.
U.S. listed shares of the company surged nearly 10% in
premarket trading.
President Donald Trump's shifting trade policies have
clouded the global economic outlook, leaving retail businesses
unsure about consumer demand, production and sourcing, as well
as the costs of running their operations.
Shopify ( SHOP ), however, saw healthy consumer spending at least
until April, with sellers signomg up for its services.
E-commerce giant Amazon ( AMZN ) last week reported strong
retail results, saying it was yet to see a demand drop or a
notable rise in prices.
Shopify ( SHOP ) expects revenue to rise mid-to-high twenties
percentage rate in the current quarter, while analysts on
average estimated a rise of 21.54%, according to data compiled
by LSEG.
For the second quarter, Shopify ( SHOP ) reported revenue of $2.68
billion, up 31% from last year and above analysts' average
estimate of $2.55 billion.
(Reporting by Kritika Lamba in Bengaluru; Editing by Devika
Syamnath and Arun Koyyur)