AP NEWS

Bottomline Technologies: Fiscal 2Q Earnings Snapshot

January 30, 2020 GMT

PORTSMOUTH, N.H. (AP) _ Bottomline Technologies Inc. (EPAY) on Thursday reported fiscal second-quarter net income of $2.6 million, after reporting a loss in the same period a year earlier.

The Portsmouth, New Hampshire-based company said it had profit of 6 cents per share. Earnings, adjusted for one-time gains and costs, were 33 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share.

The payment and invoice service provider posted revenue of $111.7 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $109.3 million.

Bottomline Technologies shares have climbed slightly more than 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $56.98, an increase of 13% in the last 12 months.

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