AUSTIN, Texas (AP) _ Q2 Holdings Inc. (QTWO) on Wednesday reported a loss of $30.1 million in its second quarter.

The Austin, Texas-based company said it had a loss of 53 cents per share. Earnings, adjusted for amortization costs and stock option expense, were 9 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The provider of online banking software posted revenue of $123.6 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $122.6 million.

Q2 Holdings shares have decreased 22% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $98.82, a climb of slightly more than 1% 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 QTWO at https://www.zacks.com/ap/QTWO

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