OTTAWA, Ontario (AP) _ Shopify Inc. (SHOP) on Thursday reported a loss of $158.4 million in its third quarter.

The Ottawa, Ontario-based company said it had a loss of 12 cents per share. Losses, adjusted for one-time gains and costs, were 2 cents per share.

The results surpassed Wall Street expectations. The average estimate of 28 analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.

The cloud-based commerce company posted revenue of $1.37 billion in the period, also beating Street forecasts. Thirty-two analysts surveyed by Zacks expected $1.33 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

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