Bill.com Holdings Inc. (BILL) PT Lowered to $100 at Mizuho Securities
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Bill.com (BILL) tumbles 20% on fading TPV momentum, earns 3 downgrades
February 3, 2023 8:36 AM ESTBill.com (NYSE: BILL) shares are trading sharply lower in pre-market Friday after the California-based company offered disappointing guidance for the back end of the year.
For its second quarter, Bill.com reported EPS of $0.42 on revenue of $260 million, easily ahead of the consensus for earnings of $0.14 per share on revenue of $243.75M. Revenue soared by 66% year-over-year while gross profit surged by 74%.
Among other things, BILL was dragged lower as total payment volume (TPV) came in at $63.7 billion, well below the estimate of... More

