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Bill.com: Fiscal 2Q Earnings Snapshot

February 4, 2021 GMT

PALO ALTO, Calif. (AP) _ Bill.com Holdings Inc. (BILL) on Thursday reported a loss of $17.2 million in its fiscal second quarter.

On a per-share basis, the Palo Alto, California-based company said it had a loss of 21 cents. Losses, adjusted for one-time gains and costs, came to 3 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

The payment processing software company posted revenue of $54 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $46.9 million.

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Bill.com shares have risen 2.5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $139.87, more than doubling 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 BILL at https://www.zacks.com/ap/BILL