Bottomline Technologies (EPAY, $51.65 ) stock drops by double-digit, amidst strong but less-than-spectacular earnings

Bottomline Technologies stock price tumbled around -17% as markets opened Friday. On Thursday, the fintech company, which provides payment and invoice services, reported solid fiscal second-quarter earnings, but apparently fell shy of being remarkable.

Adjusted earnings of 35 cents per share matched Zacks Investment Research estimate. It was higher compared to the year-ago period’s 31 cents a share.

With a 10% year-over-year increase in the quarter ended Dec. 31, Bottomline’s revenue touched $104.8 million. That beat Zacks estimate of $103.7 million.  

According to Rob Eberle, Bottomline's president and CEO, the company delivered “a solid second quarter performance”. He also indicated that the firm has a strong customer following for its business payment solutions.

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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.