Shopify forecasts quarterly revenue above estimates on strong demand
Feb 11 (Reuters) - Shopify projected quarterly revenue above market estimates on Wednesday, as the e-commerce platform expects consumer spending to be resilient against a backdrop of U.S. tariffs and rising prices.
The company expects revenue to rise at a low-thirties percentage rate in the first quarter, compared with analysts' average estimate of a 25.2% rise, according to data compiled by LSEG.
(Reporting by Deborah Sophia in Bengaluru; Editing by Leroy Leo)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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