OTTAWA, Ontario (AP) _ Shopify Inc. (SHOP) on Thursday reported third-quarter profit of $1.15 billion.

On a per-share basis, the Ottawa, Ontario-based company said it had profit of $9. Earnings, adjusted for one-time gains and costs, were 81 cents per share.

The results missed Wall Street expectations. The average estimate of 29 analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.

The cloud-based commerce company posted revenue of $1.12 billion in the period, which also did not meet Street forecasts. Thirty-two analysts surveyed by Zacks expected $1.15 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SHOP at https://www.zacks.com/ap/SHOP

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News