Shares of Bill Holdings Inc. slipped more than 2% in after-hours trading Thursday after the company, which makes software that helps businesses automate back-office processes, beat expectations with its latest financials but posted a light revenue forecast for the current period.
The company logged a fiscal fourth-quarter net loss of $15.9 million, or 15 cents a share, compared with a loss of $84.9 million, or 81 cents a share, in the year-earlier period. On an adjusted basis, Bill BILL, -3.23% earned 59 cents a share, while analysts tracked by FactSet were expecting 41 cents a share.
The company expects 48 cents to 50 cents in adjusted earnings per share for the fiscal first quarter, along with revenue of $295.5 million to $298.5 million. While the earnings forecast came in ahead of the FactSet consensus of 40 cents a share, Bill’s revenue outlook trailed consensus expectations for $300 million.
Bill also models $1.82 to $1.87 a share in adjusted earnings for the fiscal year, on revenue of $1.289 billion to $1.307 million. The FactSet consensus was for $1.81 in adjusted EPS and $1.308 billion in revenue.
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