BILL Holdings Inc. (BILL) saw its stock plunge 29.01% in after-hours trading on Thursday, following the release of its fiscal Q2 earnings report.
While the company reported better-than-expected non-GAAP earnings per share (EPS) of $0.56 and revenue of $362.6 million for the quarter, it was the guidance for the upcoming periods that seemed to disappoint investors.
BILL provided a disappointing outlook, with its Q3 revenue guidance of $352.5 million to $357.5 million falling short of analyst expectations of $360.3 million. Additionally, the company's fiscal 2025 non-GAAP EPS guidance range of $1.87 to $1.97 and revenue guidance range of $1.45 billion to $1.47 billion were both below analyst estimates of $1.79 and $1.46 billion, respectively.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.