Bill.com stock rallies on higher fiscal Q4 sales

Bill.com Holdings Inc. shares jumped more than 10% late Thursday after the software company reported fiscal fourth-quarter sales above expectations even as its losses were wider. Bill.com said it lost $41.9 million, or 48 cents a share, in the quarter, compared with a loss of $9.5 million, or 13 cents a share, in the year-ago quarter. Adjusted for one-time items, the company lost 7 cents a share. Revenue rose 86% to $78.3 million, the company said. FactSet consensus called for a loss of 4 cents a share on sales of $62 million. "Our strategic initiatives drove strong adoption of our platform and set-us up well for future opportunities," founder and Chief Executive Rene Lacerte said in a statement. "We are building the one-stop shop platform for (small and medium businesses) to manage all their financial operations and (business-to-business) spend." The stock ended the regular trading day down 0.2%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Bill.com stock rallies on higher fiscal Q4 sales
Bill.com Holdings Inc. shares jumped more than 10% late Thursday after the software company reported fiscal fourth-quarter sales above expectations even as its losses were wider. Bill.com said it lost $41.9 million, or 48 cents a share, in the quarter, compared with a loss of $9.5 million, or 13 cents a share, in the year-ago quarter. Adjusted for one-time items, the company lost 7 cents a share. Revenue rose 86% to $78.3 million, the company said. FactSet consensus called for a loss of 4 cents a share on sales of $62 million. "Our strategic initiatives drove strong adoption of our platform and set-us up well for future opportunities," founder and Chief Executive Rene Lacerte said in a statement. "We are building the one-stop shop platform for (small and medium businesses) to manage all their financial operations and (business-to-business) spend." The stock ended the regular trading day down 0.2%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.