Shopify (SHOP) stock ripped higher on Aug. 5 after the e-commerce giant reported blowout Q2 earnings that handily beat Street expectations, prompting company President Harley Finkelstein to call it “a monster quarter.”
The company posted $3.58 billion in revenue — up a remarkable 34% year-over-year — on $0.42 in earnings per share (EPS), also up significantly versus last year.