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Sergey Savastiouk's Avatar
published in Blogs
Feb 01, 2019
Bottomline Technologies (EPAY, $51.65 ) stock drops by double-digit, amidst strong but less-than-spectacular earnings

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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These past five trading days, the stock lost 0.00% with an average daily volume of 0 shares traded.The stock tracked a drawdown of 0% for this period.
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published General Information

General Information

a provider of software and support services for automated money processing for banks

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Packaged Software
Address
325 Corporate Drive
Phone
+1 603 436-0700
Employees
2344
Web
https://www.bottomline.com
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