Why Shopify's Stock Is Trading Higher Today

Shopify SHOP shares are trading higher after the company reported better-than-expected EPS and sales results.

The company reported first-quarter EPS of $2.01 and sales of $988.65 million.

Shopify offers an e-commerce platform primarily to small and midsize businesses. The firm has two segments: subscription solutions (43% of fiscal 2018 revenue) and merchant solutions (57% of fiscal 2018 revenue).

The stock was trading 10.33% higher at $1,276.44 per share at the time of writing. The stock has a 52-week higher of $1,499.75 and a 52-week low of $595.03.