Blackbaud: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 06:30 AM ET
Last Updated - Jun 21, 2023, 11:34 PM EDT
CHARLESTON, S.C. (AP) — CHARLESTON, S.C. (AP) — Blackbaud Inc. (BLKB) on Wednesday reported a loss of $14.7 million in its first quarter.
The Charleston, South Carolina-based company said it had a loss of 28 cents per share. Earnings, adjusted for one-time gains and costs, were 72 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share.
The software and services provider in the nonprofit sector posted revenue of $261.8 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $258.3 million.
