WOODLAND HILLS, Calif. (AP) — WOODLAND HILLS, Calif. (AP) — BlackLine, Inc. (BL) on Tuesday reported first-quarter net income of $10.8 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Woodland Hills, California-based company said it had profit of 17 cents. Earnings, adjusted for one-time gains and costs, came to 54 cents per share.
The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The company posted revenue of $157.5 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $155 million.