Canada's Shopify Inc., on Wednesday smashed first-quarter profit and revenue estimates. The company is seeing resilient demand for its e-commerce platform from businesses, despite a gradual opening of economies. U.S.-listed shares of the Ottawa-based company rose nearly five per cent in early trading on Wednesday, while its Canadian stock gained four per cent. In the first quarter, Shopify's revenue soared 110 per cent to $988.6 million US — above analysts' average estimate of $865.5 million. Earlier this month, the company said three of its seven top executives will be leaving in the coming months.

Source: CBC News April 28, 2021 16:07 UTC