{"id":80077,"date":"2023-11-03T01:27:27","date_gmt":"2023-11-03T05:27:27","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/bill-coms-stock-tumbles-nearly-30-on-weaker-forecast\/"},"modified":"2023-11-03T01:27:31","modified_gmt":"2023-11-03T05:27:31","slug":"bill-coms-stock-tumbles-nearly-30-on-weaker-forecast","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=80077","title":{"rendered":"Bill.com\u2019s stock tumbles nearly 30% on weaker forecast"},"content":{"rendered":"
\n

Shares of Bill Holdings Inc. tanked more than 30% after hours on Thursday after the financial software firm cut its full-year sales outlook, saying inflation and consumer uncertainty pose a bigger threat to its smaller-business customers. <\/p>\n

The company
\n BILL,
\n +1.37%<\/bg-quote>,<\/span>
\n whose cloud-based platform Bill.com helps small businesses handle payments, invoices and expenses, said it expected full-year revenue of $1.205 billion to $1.245 billion and adjusted per-share profit of $1.64 to $1.97. <\/p>\n

\n

That compares to a forecast given in August for around $1.29 billion to $1.31 billion in sales and adjusted earnings per share of $1.82 to $1.97.<\/p>\n

The macroeconomic climate is \u201cchallenging,\u201d Chief Financial Officer John Rettig said in a statement. \u201cWe are carefully navigating the current environment while continuing to invest behind the long-term opportunity to serve millions of [small and mid-sized businesses].\u201d<\/p>\n

The company also forecast fiscal second-quarter sales of $293 million to $303 million, and adjusted earnings per share of 35 cents to 44 cents, below expectations. <\/p>\n

Bill reported fiscal first-quarter adjusted earnings per share of 54 cents, above FactSet estimates for 50 cents, on revenue of $305 million, topping expectations for $298.7 million. <\/p>\n

Shares of Bill Holdings have lost nearly 18% so far this year, contrasting with an advance of 12% for the S&P 500 index
\n SPX.<\/span>\n <\/p>\n

Claudia Assis contributed to this report.<\/em><\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of Bill Holdings Inc. tanked more than 30% after hours on Thursday after the financial software firm cut its full-year sales outlook, saying inflation and consumer uncertainty pose a bigger threat to its smaller-business customers. The company BILL, +1.37%, whose cloud-based platform Bill.com helps small businesses handle payments, invoices and expenses, said it expected […]<\/p>\n","protected":false},"author":1,"featured_media":80078,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-80077","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nBill.com\u2019s stock tumbles nearly 30% on weaker forecast | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Shares of Bill Holdings Inc. tanked more than 30% after hours on Thursday after the financial software firm cut its full-year sales outlook, saying\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=80077\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bill.com\u2019s stock tumbles nearly 30% on weaker forecast | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Shares of Bill Holdings Inc. tanked more than 30% after hours on Thursday after the financial software firm cut its full-year sales outlook, saying\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=80077\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-03T05:27:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-03T05:27:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/11\/1698989249_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=80077#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=80077\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Bill.com\u2019s stock tumbles nearly 30% on weaker forecast\",\"datePublished\":\"2023-11-03T05:27:27+00:00\",\"dateModified\":\"2023-11-03T05:27:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=80077\"},\"wordCount\":213,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=80077#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=80077\",\"url\":\"https:\/\/ifintechworld.com\/?p=80077\",\"name\":\"Bill.com\u2019s stock tumbles nearly 30% on weaker forecast | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-11-03T05:27:27+00:00\",\"dateModified\":\"2023-11-03T05:27:31+00:00\",\"description\":\"Shares of Bill Holdings Inc. tanked more than 30% after hours on Thursday after the financial software firm cut its full-year sales outlook, saying\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=80077#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=80077\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=80077#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bill.com\u2019s stock tumbles nearly 30% on weaker forecast\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bill.com\u2019s stock tumbles nearly 30% on weaker forecast | iFintechWorld","description":"Shares of Bill Holdings Inc. tanked more than 30% after hours on Thursday after the financial software firm cut its full-year sales outlook, saying","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=80077","og_locale":"en_US","og_type":"article","og_title":"Bill.com\u2019s stock tumbles nearly 30% on weaker forecast | iFintechWorld","og_description":"Shares of Bill Holdings Inc. tanked more than 30% after hours on Thursday after the financial software firm cut its full-year sales outlook, saying","og_url":"https:\/\/ifintechworld.com\/?p=80077","og_site_name":"iFintechWorld","article_published_time":"2023-11-03T05:27:27+00:00","article_modified_time":"2023-11-03T05:27:31+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/11\/1698989249_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=80077#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=80077"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Bill.com\u2019s stock tumbles nearly 30% on weaker forecast","datePublished":"2023-11-03T05:27:27+00:00","dateModified":"2023-11-03T05:27:31+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=80077"},"wordCount":213,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=80077#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=80077","url":"https:\/\/ifintechworld.com\/?p=80077","name":"Bill.com\u2019s stock tumbles nearly 30% on weaker forecast | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-11-03T05:27:27+00:00","dateModified":"2023-11-03T05:27:31+00:00","description":"Shares of Bill Holdings Inc. tanked more than 30% after hours on Thursday after the financial software firm cut its full-year sales outlook, saying","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=80077#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=80077"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=80077#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Bill.com\u2019s stock tumbles nearly 30% on weaker forecast"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/80077","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=80077"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/80077\/revisions"}],"predecessor-version":[{"id":80079,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/80077\/revisions\/80079"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/80078"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=80077"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=80077"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=80077"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}