Why BlackLine Shares Got Clobbered Today
Shares of BlackLine (NASDAQ: BL) got clobbered today, down by 13% as of 12:10 p.m. EDT, after the company reported second-quarter earnings.
The cloud-based finance and accounting platform generated revenue of $42.3 million in the second quarter, up 46% year over year. That translated into a non-GAAP net loss of $1.4 million, or $0.03 per share. Both figures beat consensus estimates, which called for $41.5 million in sales and an adjusted net loss of $0.10 per share.
Image source: Getty Images.
Source: Fool.com
Blackline Inc Aktie
47,40 €
0,85 %
Geteilte Meinungen bei Blackline Inc mit 5 Buy- und 5 Sell-Einschätzungen.
Ein leicht positives Potenzial wird für Blackline Inc mit einem Kursziel von 56 € im Vergleich zu 47.4 € gesehen.
