Bill.com: Fiscal 2Q Earnings Snapshot
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.
Bill.com shares have increased 27% since the beginning of the year.