AP NEWS

Bottomline Technologies: Fiscal 4Q Earnings Snapshot

August 9, 2018

PORTSMOUTH, N.H. (AP) _ Bottomline Technologies Inc. (EPAY) on Thursday reported fiscal fourth-quarter net income of $12.8 million, after reporting a loss in the same period a year earlier.

The Portsmouth, New Hampshire-based company said it had profit of 32 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 35 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.

The payment and invoice service provider posted revenue of $106.5 million in the period.

For the year, the company reported net income of $10.6 million, or 27 cents per share, swinging to a profit in the period. Revenue was reported as $394.1 million.

Bottomline Technologies shares have risen 63 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $56.44, an increase of 99 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

AP RADIO
Update hourly