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PORTSMOUTH, N.H. (AP) _ Bottomline Technologies Inc. (EPAY) on Tuesday reported a fiscal second-quarter loss of $4.6 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Portsmouth, New Hampshire-based company said it had a loss of 11 cents. Earnings, adjusted for stock option expense and amortization costs, were 30 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The payment and invoice service provider posted revenue of $116 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $113.1 million.
Bottomline Technologies shares have dropped slightly more than 5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $49.96, a fall of 3% in the last 12 months.