Blend Labs, Inc Q1 Loss Decreases, beats estimates

(RTTNews) - Blend Labs, Inc (..) reported Loss for first quarter that decreased from last year but missed the Street estimates.

The company's bottom line came in at -$67.47 million, or -$0.28 per share. This compares with -$73.55 million, or -$0.32 per share, in last year's first quarter.

Excluding items, Blend Labs, Inc reported adjusted earnings of -$35.62 million or -$0.15 per share for the period.

Analysts on average had expected the company to earn -$0.18 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 47.8% to $37.34 million from $71.52 million last year.

Blend Labs, Inc earnings at a glance (GAAP) :

-Earnings (Q1): -$67.47 Mln. vs. -$73.55 Mln. last year. -EPS (Q1): -$0.28 vs. -$0.32 last year. -Analyst Estimates: -$0.18 -Revenue (Q1): $37.34 Mln vs. $71.52 Mln last year.

-Guidance: Next quarter revenue guidance: $39.5 - 41.0 Mln

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Info icon

This data feed is not available at this time.

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.