The Traderszone Network

Published in TZ Latest News 15 October, 2016 by The TZ Newswire Staff

Bottomline Is Hoping Gap Support Is The Bottom

About seven weeks ago, Bottomline Technologies (EPAY) produced excellent quarterly earnings results when its top line edged Wall Street consensus estimates and its bottom line crushed them.  Market participants were expecting 9 cents per share and management delivered a huge beat – to the tune of 18 cents.  That doubling of expected quarterly profit excited traders and EPAY was higher by nearly 17% at its high the next day.

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