Bill.com Holdings Inc. (BILL) PT Lowered to $175 at Evercore ISI
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Bill.com (BILL) Shares Drop 18% Despite a Beat Across the Board. Analysts Explain Why
May 6, 2022 6:08 AM EDTShares of Bill.com (NYSE: BILL) are down almost 18% in pre-open Friday despite the tech company reporting stronger-than-expected FQ3 results and guidance.
Bill reported a Q3 adjusted loss per share of 8c, compared to a 2c loss per share in the year-ago period and an expected loss per share of 16c. Total revenue stood at $166.9 million, up from $59.7 million in the year-ago quarter and topping the consensus estimates of $158 million.
The company reported a total payment volume of $55.1 billion, up 57% YoY, just above the estimated $54.16 billion. The number of customers in the quarter stood... More
