Bottomline Technologies: Fiscal 1Q Earnings Snapshot
PORTSMOUTH, N.H. (AP) _ Bottomline Technologies Inc. (EPAY) on Friday reported a loss of $1.4 million in its fiscal first quarter.
On a per-share basis, the Portsmouth, New Hampshire-based company said it had a loss of 3 cents. Earnings, adjusted for one-time gains and costs, were 30 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 27 cents per share.
The payment and invoice service provider posted revenue of $108.2 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $105.6 million.
Bottomline Technologies shares have dropped 12% since the beginning of the year. The stock has fallen 36% in the last 12 months.