Shopify hit a new 52-week high after it reported better-than-expected fourth-quarter results.
better-than-expected fourth-quarter results and gave upbeat guidance for the full year 2020.
Shopify's 2020 full-year outlook topped analysts' expectations. For the year, Shopify said it expects revenue to range from $2.13 billion to $2.16 billion, compared with consensus estimates of $2.11 billion. Shopify's stock has been on a tear so far this year, with shares up 40% year to date. By comparison the S&P 500 is up just 4% year to date.
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