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Bottomline Technologies posts 3Q loss

PORTSMOUTH, N.H. (AP) _ Bottomline Technologies Inc. (EPAY) on Thursday reported a loss of $6.6 million in its fiscal third quarter.

On a per-share basis, the Portsmouth, New Hampshire-based company said it had a loss of 17 cents. Earnings, adjusted for stock option expense and amortization costs, came to 23 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The payment and invoice service provider posted revenue of $86.1 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $87.9 million.

Bottomline Technologies shares have decreased slightly more than 8 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $22.94, a drop of 26 percent in the last 12 months.


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


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