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Bottomline Technologies: Fiscal 1Q Earnings Snapshot

·1 min read

PORTSMOUTH, N.H. (AP) _ Bottomline Technologies Inc. (EPAY) on Thursday reported fiscal first-quarter net income of $391,000, after reporting a loss in the same period a year earlier.

The Portsmouth, New Hampshire-based company said it had profit of 1 cent per share. Earnings, adjusted for one-time gains and costs, were 31 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 $112.4 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $110.5 million.

Bottomline Technologies shares have decreased 19% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $43.57, a rise of 5% 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 EPAY at https://www.zacks.com/ap/EPAY