907 ET - Shopify's free cash flow outlook for the third quarter came as a surprise. Oppenheimer analyst Ken Wong says the guidance for free cash flow margin to be in the high-teens to low-twenties is "a nice little step up from the last almost two years." Typically, the company would lean toward more of a "spend for growth" approach, but Wong says that "while it's not a massive step up, it still suggest that we're getting a little more profitability than we were expecting."