Canada’s Shopify forecasts quarterly revenue above estimates

Canada’s Shopify projected current-quarter revenue growth above Wall Street estimates on Wednesday, signaling the company’s AI efforts were drawing more merchants to its suite of e-commerce services and driving broader consumer demand.

Aug 5 - Canada's Shopify projected current-quarter revenue growth above Wall Street estimates on Wednesday, signaling the company's AI efforts were drawing more merchants to its suite of e-commerce services and driving broader consumer demand. The upbeat forecast coupled with second-quarter revenue that beat estimates

Its sales were driven by higher-than-expected demand for Mounjaro and Zepbound, its GLP-1 drugs for Type 2 diabetes and weight loss.

CVS also announced a new collaboration with Eli Lilly that will make Zepbound and Foundayo accessible to eligible patients on the CVS Health app.

Mattel maintains annual forecasts, misses quarterly profit estimate as higher costs squeeze margins  Reuters