Shopify Earnings Beat as More Merchants Use Platform for Online Reach

Shopify Earnings Beat as More Merchants Use Platform for Online Reach
The logo of Shopify is seen outside its headquarters in Ottawa, on Sept. 28, 2018. Reuters/Chris Wattie
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Canada’s Shopify Inc. beat Wall Street estimates for third-quarter earnings on Thursday as more brick-and-mortar retailers opted for its e-commerce platform to tap a surge in online shopping due to the coronavirus crisis.

Online business is booming globally as the pandemic keeps consumers indoors, pushing companies to tap the internet to reach their customers, while helping companies such as Shopify that provide technology and logistics services to power e-commerce.