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Market Highlights: Here is why these four stocks soared on Friday

  • Bristol –Myers beats earnings estimates but misses in revenue
  • Bill.com Holdings reports impressive Q2 2022 revenue results
  • Regeneron and Unity Software top Q4 2021 earnings results

Bristol-Myers reports mixed Q4 2021 results

Bristol-Myers Squibb Co. (NYSE: BMY) was up 3% on Friday morning after the company reported its Q4 2021 results and issued fiscal 2022 guidance. The company topped consensus earnings estimates but missed on revenue estimates marginally.

The pharmaceutical giant generated a net income of $2.4 billion or $1.07 per share compared to a massive loss of $10 billion or $4.45 per share a year ago. On an adjusted basis, the company earned $1.83 per share. Revenue was up 8% YoY in Q4 2021 to $11.9 billion. Analysts had expected earnings of $1.68 on revenue of $12 billion.

Bill.com Holdings reports a Q2 2022 net loss of $80.4 million

Bill.com Holdings Inc. (NYSE: BILL) shares jumped almost 25% on Friday morning after reporting solid Q2 2022 results. The company had a net loss of $80.4 million or $0.78 per share compared to a loss of $17.2 million or $0.21 per share. Interestingly, the company broke even on a per-share basis and lost less than $0.25 million.

Revenue during the quarter was $156.5 million representing annualized growth of 190%. Analysts had predicted adjusted loss per share of $0.18 on revenue of $131.1 million.

Regeneron reports 104% YoY growth in revenue

Regeneron (NASDAQ: REGN) topped Q4 2021 earnings producing EPS of $23.72 versus analysts' projections of $18.37 per share. In addition, the pharmaceutical firm posted revenue of $4.65 billion, topping analysts estimates of $4.42 billion.

Revenue was up 104% YoY, including a contribution of $2.3 billion related to REGEN-VOV. The company grew revenue 89% YoY to $16.07 billion for the whole year, with net sales growing 17% in 2021. For 2022 the company is focusing on building EYLEA's success and expanding Dupixent approval and market reach.

Unity Software surges 17% after earnings beat

Unit Software Inc. (NYSE: U) shares surged almost 17% on frigates after the video game and animation software developer reported Q4 2021 results that topped analysts' estimates. Also, the company issued upbeat guidance for 2022.

The company had adjusted a loss per share of $0.05 on revenue of $315.9 million. FactSet polled analysts had expected a loss per share of $0.07 on revenue of $295.5 million. For the current quarter, the company expects sales of $317.5 million and $1.43 billion for fiscal 2022.