BlackLine: Q3 Earnings Snapshot
By AP News
Published - Nov 07, 2024, 06:30 PM ET
Last Updated - Dec 16, 2024, 05:34 PM EST
WOODLAND HILLS, Calif. (AP) — WOODLAND HILLS, Calif. (AP) — BlackLine, Inc. (BL) on Thursday reported third-quarter profit of $17.2 million.
The Woodland Hills, California-based company said it had net income of 27 cents per share. Earnings, adjusted for one-time gains and costs, were 60 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The company posted revenue of $165.9 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $163 million.
