What occurred

Shares of Invoice.com (NYSE: BILL), a cloud-based monetary software program firm, have been rising as we speak after the corporate reported fourth-quarter outcomes that beat Wall Road’s consensus top- and bottom-line outcomes.

The tech inventory jumped by 17.4% as of two:15 p.m. ET.

So what

Invoice.com reported a non-GAAP loss per share of $0.03 per share within the fourth quarter, which was higher than the $0.07 loss within the year-ago quarter and forward of analysts’ consensus estimate of a lack of $0.13 per share for the quarter.

Picture supply: Getty Photographs.

Traders seemingly would have been glad sufficient with these outcomes, however the firm stored the excellent news coming, with its income growing 156% from the year-ago quarter to $200.2 million — beating Wall Road’s consensus common of $183.1 million.

“We delivered a robust fourth quarter to conclude fiscal 2022, serving 400,000 companies and crossing $200 million in quarterly income,” Invoice.com founder and CEO René Lacerte mentioned in a press launch.

Invoice.com’s administration additionally talked about another highlights from the quarter, which embrace the corporate’s core income (which consists of subscription and transaction charges) growing 151% to $194.eight million and subscription charges climbing 77% to $55.2 million.

Now what

Invoice.com’s administration issued steerage for the primary quarter, with income anticipated to be within the vary between $208 million to $211 million, which might be a year-over-year enhance of 77% on the midpoint.

Moreover, administration mentioned that non-GAAP earnings shall be within the vary between $0.05 to $0.07, up considerably from a lack of $0.15 within the year-ago quarter.

With the corporate beating analysts’ top- and bottom-line consensus estimates for the fourth quarter and issuing sturdy steerage for the primary quarter, it is no shock to see Invoice.com’s inventory surging increased as we speak.

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Chris Neiger has no place in any of the shares talked about. The Motley Idiot has positions in and recommends Invoice.com Holdings, Inc. The Motley Idiot has a disclosure coverage.

The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.