Why BILL Holding's Stock Is Trading Lower After-Hours
Portfolio Pulse from Ryan Gustafson
BILL Holdings, Inc. reported Q4 earnings of 59 cents per share, beating the analyst consensus estimate of 41 cents. The company also reported quarterly sales of $295.98 million, beating the analyst consensus estimate of $281.69 million. Despite these positive results, BILL's shares traded lower in the after-hours session. The company issued Q1 earnings per share outlook of 48-50 cents, versus the estimate of 41 cents. Revenue is anticipated to be between $295.5 million and $298.5 million, versus the $300.22 million estimate.
August 17, 2023 | 9:05 pm
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BILL Holdings reported better-than-expected Q4 earnings and sales, but its shares traded lower after-hours. The company's Q1 earnings per share outlook is also above estimates, but its revenue forecast is slightly below expectations.
Despite reporting better-than-expected Q4 results, BILL's shares traded lower after-hours, which could be due to the company's slightly lower-than-expected revenue forecast for Q1. This suggests that investors may be concerned about the company's near-term revenue growth prospects.
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