A number of stocks jumped in the afternoon session after stocks extended their rebound, led by strong gains in the technology sector, as renewed optimism surrounding U.S.–China trade negotiations lifted investor sentiment.
Wrapping up Q4 earnings, we look at the numbers and key takeaways for the finance and hr software stocks, including Workday (NASDAQ:WDAY) and its peers.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Bill.com (NYSE:BILL) and the best and worst performers in the finance and hr software industry.
Shareholders of Bill.com would probably like to forget the past six months even happened. The stock dropped 24.7% and now trades at $40.60. This may have investors wondering how to approach the situation.
Elliott Investment Management made several portfolio moves in the fourth quarter, closing multiple options positions and shaking up the activist firm's technology exposure.
Shares of payments and billing software maker Bill.com (NYSE:BILL)
fell 34.7% in the morning session after the company reported weak fourth-quarter results. Revenue was just in line, although operating profit beat expectations. The company's core revenue, driven by subscription and transaction fees, rose 16%, but growth appears to be slowing compared to previous quarters. Also, Bill.com's revenue guidance for next quarter missed significantly, and this seems to be weighing heavily on shares, showing that the market cares deeply about topline for this business.
Wondering how the US markets performed one hour before the close of the markets on Friday? Discover the movers and shakers of today's session in our comprehensive analysis.
