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Shopify forecasts third-quarter revenue above estimates

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(Reuters) -Shopify forecast third-quarter revenue above market estimates on Wednesday, as its AI features and platform upgrades boosted demand for its e-commerce services despite tariff-related uncertainty pressuring retail businesses.

The company expects revenue to rise mid-to-high twenties percentage rate in the current quarter, while analysts on average estimated a rise of 21.54%, according to data compiled by LSEG.

(Reporting by Kritika Lamba in Bengaluru; Editing by Devika Syamnath)

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