Bill Holdings Surges 7% After Q4 Earnings Report

Bill Holdings (NYSE:BILL) shares gained more than 7% intra-day today after the company raised its projected earnings outlook while reducing its anticipated revenue figures, subsequent to fiscal fourth-quarter results that positively surprised market expectations.

The company disclosed adjusted earnings per share (EPS) of $0.59 and revenue of $296.0 million. This was better than the Wall Street estimates of an EPS of $0.41 on revenue amounting to $282.2 million.

Turning toward the first quarter, the guidance for adjusted EPS was provided within a range of $0.48 to $0.50, coupled with a revenue projection spanning from $295.5 million to $298.5 million.

In terms of the entire year 2023, the adjusted EPS was foreseen to fall in the range of $1.82 to $1.97, while the revenue was estimated to lie between $1.29 billion and $1.31 billion.