BILL Holdings: Fiscal Q1 Earnings Snapshot

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — BILL Holdings, Inc. (BILL) on Thursday reported a loss of $27.9 million in its fiscal first quarter.

The San Jose, California-based company said it had a loss of 26 cents per share. Earnings, adjusted for one-time gains and costs, were 54 cents per share.

The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.

The payment processing software company posted revenue of $305 million in the period, also topping Street forecasts. Nine analysts surveyed by Zacks expected $297.8 million.

For the current quarter ending in December, BILL Holdings expects its per-share earnings to range from 35 cents to 44 cents.

The company said it expects revenue in the range of $293 million to $303 million for the fiscal second quarter.

BILL Holdings expects full-year earnings in the range of $1.64 to $1.97 per share, with revenue ranging from $1.21 billion to $1.25 billion.

BILL Holdings shares have fallen 18% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $89.47, a fall of 23% 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