Key Earnings Movers: Shopify Soars on Double-Beat Report
Shopify(SHOP) ZACKS·2024-11-13 01:40
The third-quarter earnings season is winding down, but that doesn’t mean the fireworks are over.We’ve now received Q3 results from more than 90% of S&P 500 index members. Total earnings for these companies that have reported are up 7.1% from the same period last year on 5.5% higher revenues. On a ‘blended’ basis that includes the still-to-come companies, S&P 500 earnings are expected to rise 7.4% from the year-ago period on 5.6% higher revenues. The outcome speaks to a resilient corporate backdrop, as comp ...