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Bill.com: Fiscal 1Q Earnings Snapshot

·1 min read

PALO ALTO, Calif. (AP) _ Bill.com Holdings Inc. (BILL) on Thursday reported a loss of $13 million in its fiscal first quarter.

The Palo Alto, California-based company said it had a loss of 16 cents per share. Losses, adjusted for one-time gains and costs, came to 4 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 $46.2 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $41.5 million.

Bill.com shares have nearly tripled 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