Bill Holdings Inc INVOICE Shares rose in extended trading on Thursday after the company reported better than expected quarterly results.

• Sales Q3: $272.56 million beat estimates of $246.82 million
• Earnings per share Q3: 50 cents beat estimates of 24 cents

Core revenue, which consists of subscription and transaction fees, grew 45% year over year, while total revenue rose 63%.

Bill processed a total payment volume of $64.7 billion on 21.4 million transactions during the quarter, up 13% and 36% year over year.

“Our performance underscores the strength of our business model and our commitment to balanced growth and profitability,” he said Johann RetigCFO of Bill Holdings.

Outlook: Bill sees Fourth-quarter tax revenue in a range of $277 million to $280 million, up 38% to 40%. The company expects adjusted earnings of between 39 cents and 41 cents per share.

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BILL Price Promotion: Bill shares were up 13.8% after hours at the time of writing to $90.90 Gasoline Pro.

Photo: Joshua Woroniecki from Pixabay.