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Bill.com: Fiscal 2Q Earnings Snapshot

February 6, 2020 GMT

PALO ALTO, Calif. (AP) _ Bill.com Holdings Inc. (BILL) on Thursday reported a loss of $7.6 million in its fiscal second quarter.

On a per-share basis, the Palo Alto, California-based company said it had a loss of 12 cents. Losses, adjusted for stock option expense and non-recurring costs, were 6 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.

The payment processing software company posted revenue of $39.1 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $33.8 million.

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Bill.com shares have increased 27% since the beginning of the year.

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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 BILL at https://www.zacks.com/ap/BILL