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Will Shopify (SHOP) Stock Be Helped by Q2 Beat?

NEW YORK (TheStreet) -- Shopify (SHOP) reported better-than-expected financial results for the 2016 second quarter.

Before the market open, the Canadian e-commerce software maker reported an adjusted loss of 4 cents per share, narrower than analysts' expectations of a loss of 8 cents per share.

Revenue surged 93% year-over-year to $86.65 million and beat analysts' estimates of $80.63 million.

Subscription Solutions revenue rose 72% to $43.67 million as more merchants adopted the platform, while Merchant Solutions revenue gained 121% to $42.97 million due to higher revenue from Shopify Payments...