South East Asian technology firm Sea Ltd beat third-quarter revenue estimates on Tuesday and said its e-commerce business, Shopee, turned profitable, sending its shares up more than 17% in early trading.

Shopify Inc. soared after reporting third-quarter sales that beat analysts’ estimates, a sign that the Canadian e-commerce company is gaining momentum as spending continues to shift from stores to websites.

Shopify stock gained 14% to $102.84 in premarket trading Tuesday. For its third quarter, the company reported revenue of $2.16 billion, rising 26% from the year-ago quarter but be

Shopify beat analysts' estimates for quarterly revenue on Tuesday, as the Canadian company's focus on employing AI-powered tools attracted more merchants to its e-commerce services ahead of the holiday season.

Shopify stock jumped after the e-commerce firm reported Q3 revenue that topped estimates amid strong growth in the subscription business.