Bill.com Holdings Shares Rise on Revenue Beat and Peloton Interactive Shares Tank After Earnings Miss
On Friday, shares of Bill.com Holdings skyrocketed, climbing 29.64%.
Shares of the software company rose after the company reported its fourth-quarter fiscal 2021 earnings.
The company announced a quarterly adjusted loss of $0.07 per share, vs a loss of $0.04 per share as expected by analysts. In addition, the firm reported $78.3 million in quarterly revenue, which was more than the $62.14 million forecast by analysts.
Bill.com forecasts revenue of $103.2 million to $104.2 million in the first quarter of fiscal 2022, vs $67.81 million as expected by analysts.
Shares of Bill.com Holdings (#bill) have risen about 90% in the past three months.
On Friday, shares of Peloton Interactive tanked, closing down 8.55%.
Shares of the high-tech exercise equipment company fell after the company reported disappointing earnings for the fiscal fourth quarter of 2021.
The company reported a loss of $1.05 per share, lower than analysts’ expectations of a loss of $0.44 per share. Revenue grew 54% year-over-year to $937 million. The company expects revenue to grow by 35% in the fiscal year of 2022.
Total members increased by 114% in connected fitness subscriptions and 176% in paid digital subscriptions, bringing the total to over 5.9 million.
Shares of Peloton Interactive have fallen over 30% this year.
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