07:40 AM EDT, 08/07/2024 (MT Newswires) -- Shopify ( SHOP ) reported Q2 adjusted earnings Wednesday of $0.26 per diluted share, up from $0.14 a year earlier. Analysts polled by Capital IQ expected $0.20.

Revenue for the quarter ended June 30 was $2.05 billion, up from $1.69 billion a year earlier. Analysts polled by Capital IQ expected $2.01 billion.

For Q3, revenue is expected to grow at a low-to-mid-twenties percentage rate, Shopify ( SHOP ) said. Analysts surveyed by Capital IQ are looking for revenue of $2.07 billion.

Shares of the company were up more than 17% in recent Wednesday premarket activity.