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Why Bill.com Holdings Inc (BILL) stock popped up in the after-market on Thursday?

DNAY Stock

DNAY Stock

Bill.com Holdings Inc (BILL) stock surged 14.33% in the after-hours on Thursday, May 6, 2021, to close the day at $149.00 per share. Earlier BILL shares lost 6.49% in the morning session and closed at $130.33 per share.

BILL shares have gained 97.77% over the last 12 months, and they have moved down 16.00% in the past week. Over the past three months, the stock has lost 6.82%, while over the past six months, it has soared 30.67%.

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Recent financial results

On May 6, 2021, Bill.com released its financial results for the third fiscal quarter ended March 31, 2021.

Q3 2021 financial highlights

Q4 2021 financial guidance

For Q4 2021, Bill.com is expecting

Bill.com&squaresupporting small and midsize businesses

On May 3, 2021, Bill.comand Square partnered with the San Francisco Chamber of Commerce, the Black Chambers of Atlanta, and the regional economic development organization Greater St. Louis, Inc., to support small and midsize businesses (SMBs) struggling in the second year of the global pandemic.

Bill.com and Square will be providing special promotions for (SMBs) for webinar registrations.Bill.com is offering free 90-day use of the platform and Square has waived off processing fees for new sellers on their first $1,000 in card processing when they sign up to become customers through the webinar.

Conclusion

The improved Q3 financial results were the reason behind its surging in the after-market on Thursday and we can expect it to perform well on the last trading day of the week.

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