SAN JOSE, Calif. (AP) _ Bill.com Holdings Inc. (BILL) on Thursday reported a loss of $81.6 million in its fiscal first quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 78 cents. Earnings, adjusted for stock option expense and non-recurring costs, came to 14 cents per share.
The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The payment processing software company posted revenue of $229.9 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $210.3 million.
For the current quarter ending in December, Bill.com expects its per-share earnings to range from 12 cents to 14 cents.
The company said it expects revenue in the range of $241.5 million to $244.5 million for the fiscal second quarter.
Bill.com expects full-year earnings in the range of 48 cents to 59 cents per share, with revenue ranging from $994 million to $1.01 billion.
Bill.com shares have declined 53% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $116.13, a drop of 60% in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a BILL">Zacks stock report on BILL at https://www.zacks.com/ap/BILL