BILL Holdings Inc. (BILL) saw its stock surge 6.90% in the after-hours session on Thursday, following the release of its fiscal third-quarter financial results.

The financial operations platform reported quarterly earnings that significantly exceeded analyst expectations. Revenue for Q3 came in at $406.6 million, slightly above the consensus estimate of $404.6 million. More notably, adjusted net income was $77.2 million, beating the estimate of $63.1 million, while adjusted earnings per share of $0.68 surpassed the $0.56 forecast.

Investors were further encouraged by the company's strong guidance for the fourth quarter, which projects revenue between $425 million and $435 million and adjusted net income of $78 million to $82 million, both topping analyst expectations. The announcement of a new $1.0 billion share repurchase authorization also contributed to the positive market sentiment, signaling confidence in the company's financial health and future prospects.