Shopify Inc. soared after reporting third-quarter sales that beat analysts’ estimates, a sign that the Canadian e-commerce company is gaining momentum as spending continues to shift from stores to websites.

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

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 jumped after the e-commerce firm reported Q3 revenue that topped estimates amid strong growth in the subscription business.