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Canada’s Shopify Sees Second-Quarter Revenue Above Market Estimates

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Shopify forecast second-quarter revenue above Wall Street estimates on Thursday, signalling the e-commerce company was steadily pulling in sellers even as global trade uncertainty threatens to hit retail businesses.

The Ontario, Canada-based company said it expects revenue to grow in the mid-twenties percentage range in the current quarter, while analysts on average estimate growth of 22.4 percent, according to data compiled by LSEG.

By Deborah Sophia; Edited by Shinjini Ganguli

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