Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why BlackLine Stock Rallied Friday Morning

TheMotleyFool

0 0

Why BlackLine Stock Rallied Friday Morning: https://g.foolcdn.com/editorial/images/731229/a-person-digitally-signing-on-a-tablet-e-signature.jpg

Shares of BlackLine (NASDAQ: BL) charged sharply higher Friday, surging as much as 11.1%. As of 11:49 a.m. ET, the stock was still up 6.7%.

The catalyst that sent the cloud-based accounting and finance company higher was quarterly results that showed the sky was not falling.

For Q1, BlackLine reported revenue of $139 million, up 16% year over year, resulting in a loss per share of $0.20. The results were better when viewed on an non-GAAP (adjusted) basis, with earnings per share (EPS) of $0.34, up from $0.01 in the prior-year period.

Source Fool.com