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Shopify Inc. soared after reporting third-quarter sales that beat analysts’ estimates, a sign that the Canadian e-commerce company is gaining momentum as spending continues to shift from stores to websites.
Revenue for the period rose about 26 percent to $2.16 billion, the company said in a statement Tuesday, beating the $2.12 billion average estimate of analysts surveyed by Bloomberg.
The US-traded shares increased almost 14 percent in early trading. As of the Monday close, the stock had…
