Bill delivers mixed outlook, overshadowing Q3 results beat; shares sink By Investing.com

<p> <br />
</p>
<div>
<div>
<img decoding="async" alt="Bill delivers mixed outlook, overshadowing Q3 results beat; shares sink" id="carouselImage" src="https://i-invdn-com.investing.com/news/moved_LYNXNPEI3O0EL_L.jpg" style="visibility:hidden" /><br />
<span>© Reuters </span><br />
<i class="imgGrad"/>
</div>
<p>Investing.com — Bill provided mixed guidance, lifting its outlook earnings, but cutting revenue estimates following fiscal fourth-quarter results that surprised to the upside.</p>
<p>Bill.com Holdings Inc (NYSE:) fell more than 8% in early Friday trading following the report.</p>
<p>The company adjusted EPS of $0.59 on revenue of $296.0 million, compared with Wall Street estimates for EPS of $0.41 on revenue of $282.2M.</p>
<p>The better-than-expected results were supported by improving margins to 82.2% in Q3 from 78.3% a year earlier.</p>
<p>Looking ahead to Q1, adjusted EPS was guided in a range of $0.48 to $0.50 and revenue between $295.5M to $298.5M.</p>
<p>For 2023, adjusted EPS was expected in a range of $1.82 to $1.97 on revenue of $1.29 billion to $1.31B. That compared with prior guidance for adjusted EPS of $1.46 to $1.48 on revenue of $1.040B to $1.043B.</p>
<p>Wolfe analysts said the guidance is “noisy but better than first look.”</p>
<p>“FY24 guidance was below expects, but more in-line when considering one-time items, and also conservative in our view. We see notable incremental upside to out-year estimates.”</p>
<p>Deutsche Bank analysts said Bill offered conservative guidance.</p>
<p>“BILL initiated conservative (in our view) FY24 guidance relatively in-line with street top line estimates with stronger adj. EPS of $1.82-$1.97 (building in zero economic recovery).”</p>
<p>(Additional reporting by Senad Karaahmetovic)</p>
<p> </p>
</div>
<p><br />
<br /><a href="https://www.investing.com/news/stock-market-news/bill-delivers-mixed-outlook-overshadowing-q3-results-beat-3156894">Source link </a></p><p>The post <a href="https://forextraderhub.com/bill-delivers-mixed-outlook-overshadowing-q3-results-beat-shares-sink-by-investing-com.html">Bill delivers mixed outlook, overshadowing Q3 results beat; shares sink By Investing.com</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>