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