AP NEWS
ADVERTISEMENT

Bill.com: Fiscal 3Q Earnings Snapshot

May 7, 2020 GMT

PALO ALTO, Calif. (AP) _ Bill.com Holdings Inc. (BILL) on Thursday reported a loss of $8.3 million in its fiscal third quarter.

The Palo Alto, California-based company said it had a loss of 11 cents per share. Losses, adjusted for stock option expense and non-recurring costs, were 4 cents per share.

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

The payment processing software company posted revenue of $41.2 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $36.2 million.

ADVERTISEMENT

Bill.com shares have risen 92% 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