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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.
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.