Shopify revenue beats estimates on higher prices, more signups

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Shopify revenue beats estimates on higher prices, more signups
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Canada's Shopify , beat second-quarter revenue expectations on Wednesday, helped by new signups and price increases across its services.

The logo of Shopify is seen outside its headquarters in Ottawa, Ontario, Canada, September 28, 2018. REUTERS/Chris Wattie, beat second-quarter revenue expectations on Wednesday, helped by new signups and price increases across its services.

"We're not just shipping products faster, but we are also expanding our global merchant base," said Harley Finkelstein, president at Shopify. Following the results, Shopify's U.S.-listed shares, which have surged nearly 80% so far this year, added 7% before settling marginally higher in extended trading.

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