Shopify forecast fourth-quarter sales growth above estimates, as a focus on employing AI-powered tools in its e-commerce services pulled in more merchants ahead of the crucial holiday season, sending its shares up 25% on Tuesday.

It's been a roller-coaster ride for Shopify (NYSE: SHOP) shares this year, but since the summer, the stock has been on the ascent. After the e-commerce company delivered a strong third-quarter report Tuesday and offered upbeat guidance, its stock hit a new 52-week high. However, the stock is still far below the all-time peak it hit in 2021.

A Shopify executive says the company’s latest results showed “continued discipline of balancing both future growth investment and operational leverage.”

The holiday season is fast approaching, and Shopify seems to have received its Christmas gift a bit early this year: Its stock skyrocketed to its highest level since 2022 after reporting quarterly earnings.

Key Takeaways Shopify beat analysts' third-quarter estimates for operating income, revenue, and free cash flow as sales surged.Operating income soared 132% year-over-year to $283 million, with revenue up 26% to $2.

Shopify stock gained 14% to $102.84 in premarket trading Tuesday. For its third quarter, the company reported revenue of $2.16 billion, rising 26% from the year-ago quarter but be

Omnichannel commerce platform provider Shopify (SHOP) delivered solid quarterly numbers. For the third quarter (Q3), the company reported strong growth in both revenue and Gross Merchandise Volume (GMV),