BILL Holdings Inc's shares have dropped by over 30% after the company reported its Q1 FY24 earnings and cut its FY24 outlook. Despite revenue and core revenue increasing by 33% and 24% respectively, and beating consensus estimates, the company's shares fell. The company also processed more transactions and had a higher total payment volume than the previous year. However, the company's outlook for Q2 and FY24 was lower than estimates, which may have contributed to the share price drop.