Why Bill Holdings Blasted 17% Higher Today
As the stock-trading week came to a close, Bill Holdings (NYSE: BILL) saw its shares zoom well higher on the fintech's latest news. Specifically, the company published its latest-earnings release, which featured several impressive developments. The stock closed the day up more than 17% in price, far outpacing the S&P 500 index's 0.4% gain.
Bill Holdings' news hit the headlines just after market close Thursday, setting the stock up for quite the rally the following day. For its first quarter of fiscal 2025, the company's total revenue was $358.5 million, good enough to top the year-ago quarter's take by 18%. This was mainly due to a 19% rise in "core" revenue; this consists of the company's foundational subscription and transaction fees, and it amounted to nearly $315 million.
Non-GAAP (adjusted) net income for the period zoomed even higher, advancing by 33% to land at $68.6 million, or $0.63 per share.
Source Fool.com
