Canadian e-commerce giant Shopify expects to beat analyst expectations during the typically busy holiday season.

Shopify Inc. SHOP-T reported higher revenue, income and profit for its third quarter, and projected fourth-quarter earnings that exceed analyst expectations for the busy holiday season.

In earnings Tuesday, the Canadian e-commerce giant posted revenue of US$2.8-billion for the quarter ended Sept. 30, a 32-per-cent increase from the year before; gross profit of US$1.3-billion, up 24 per cent; and operating income of US$343-million, up 21 per cent.

Gross merchandise value – the value of the products sold over its platforms – was up 32 per cent, higher than consensus, though analysts had reduced their expectations on concerns about effects from tariffs.

Monthly recurring reve

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