Shopify reported earnings that beat estimates. Photo by WIKIMEDIA COMMONS

Shopify Inc. shares jumped after last quarter’s revenue and its third-quarter outlook beat expectations.

The stock rallied as much as 17 per cent in U.S. pre-market trading. Revenue in the second quarter advanced 31 per cent, ahead of the 25 per cent increase analysts anticipated, as growth accelerated in all regions.

“Europe was a particular source of strength, where GMV grew 42 per cent on a constant currency basis,” chief financial officer Jeff Hoffmeister said in a statement.

The Ottawa-based company said it sees revenue growing at a mid-to-high twenties percentage rate in the third quarter, versus analyst estimates of a 22 per cent rise. Gross profit growth is expected to be in the low-twenties percentage

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