Why Shares of BTRS Holdings Were Falling Today

Shares of BTRS Holdings (NASDAQ: BTRS), the parent company of Billtrust, which helps businesses automate accounts receivable payments, had fallen nearly 23% as of 3:26 p.m. ET today after the company reported earnings results for the first quarter of 2022.

Billtrust reported a net loss of $0.18 per share on total revenue of $45.6 million. Earnings missed analyst estimates by a wide margin, while revenue beat.

Image source: Getty Images.

Continue reading

Source Fool.com