SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — BILL Holdings, Inc. (BILL) on Thursday reported a fiscal first-quarter loss of $3 million, after reporting a profit in the same period a year earlier.
The San Jose, California-based company said it had a loss of 3 cents per share. Earnings, adjusted for one-time gains and costs, were 61 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.
The payment processing software company posted revenue of $395.7 million in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $390.6 million.
For the current quarter ending in December, BILL Holdings expects its per-share earnings to range from 54 cents to 57 cents.
The company said it expects revenue in the range of $394.5 million to $404.5 million for the fiscal second quarter.
BILL Holdings expects full-year earnings in the range of $2.11 to $2.25 per share, with revenue ranging from $1.6 billion to $1.63 billion.
BILL Holdings shares have decreased 47% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $44.58, a drop of 31% 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 BILL at https://www.zacks.com/ap/BILL
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