Bill.com Holdings Shares Rise on Revenue Beat and Peloton Interactive Shares Tank After Earnings Miss

Bill.com Holdings Shares Rise on Revenue Beat and Peloton Interactive Shares Tank After Earnings Miss

Bill.com Holdings

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.

Peloton Interactive

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.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

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