Bill Holdings Reports Better-Than-Expected Q4 Results, $300 Million Buyback Program
Portfolio Pulse from Erica Kollmann
Bill Holdings, Inc. (NYSE:BILL) reported better-than-expected Q4 results, with a smaller-than-expected loss and revenue growth. The company announced a $300 million share buyback program and provided a fiscal year 2025 outlook with lower-than-expected earnings but higher revenue estimates.
August 22, 2024 | 9:14 pm
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Bill Holdings reported a smaller-than-expected loss and revenue growth for Q4, beating analyst estimates. The company announced a $300 million share buyback program and provided a fiscal year 2025 outlook with lower-than-expected earnings but higher revenue estimates.
The better-than-expected Q4 results and the announcement of a $300 million share buyback program are positive indicators for Bill Holdings' stock. The after-hours price increase of 3.47% reflects investor optimism. However, the fiscal year 2025 earnings outlook is lower than expected, which may temper some of the positive sentiment.
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