01:54 PM EST, 11/12/2024 (MT Newswires) -- (Updates with stock movement in the headline and first paragraph)

Shopify ( SHOP ) shares jumped 24% in recent Tuesday trading after the company reported Q3 revenue that topped estimates by analysts.

Revenue in the three months ended Sept. 30 rose to $2.16 billion from $1.71 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.11 billion.

The company expects Q4 revenue to grow "at a mid-to-high-twenties percentage rate on a year-over-year basis."

Price: 111.51, Change: +21.52, Percent Change: +23.91