AP NEWS
ADVERTISEMENT

Bill.com: Fiscal 4Q Earnings Snapshot

August 27, 2020 GMT

PALO ALTO, Calif. (AP) _ Bill.com Holdings Inc. (BILL) on Thursday reported a loss of $9.5 million in its fiscal fourth quarter.

On a per-share basis, the Palo Alto, California-based company said it had a loss of 13 cents. Losses, adjusted for stock option expense and non-recurring costs, were 2 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.

The payment processing software company posted revenue of $42.1 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $37.4 million.

ADVERTISEMENT

For the year, the company reported a loss of $31.1 million, or 70 cents per share. Revenue was reported as $157.6 million.

Bill.com shares have more than doubled since the beginning of the year.

_____

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