Apple delivered a rare quarterly earnings miss last night for both its top and bottom line. Revenue for the December quarter fell 5.5% YoY to $117.15 billion (82% products, 18% services) and while the company didn't offer specific guidance, Apple shared it sees similar top line results for the current quarter vs. the $95.7 billion consensus. Read More...
Why Bill.com Stock Plummeted Today
Shares of Bill.com Holdings (NYSE: BILL), the payments specialist for small and medium-sized businesses (SMBs), were taking a dive today after the company posted strong results in its fiscal second quarter but offered disappointing guidance for the current period. Bill.com, which is a software-as-a-service company that helps SMBs handle payments and back-office accounting, said core revenue rose 49% in the quarter, and total revenue jumped 66% to $260 million, which beat estimates at $243.5 million. CEO Rene Lacerte said, “We delivered strong second-quarter results and achieved another quarter of non-GAAP profitable growth as we executed on our strategy to be the essential financial operations platform for SMBs.”