Blend Labs Q3 2023 Adj EPS $(0.09), Inline, Sales $40.59M Beat $40.26M Estimate
Portfolio Pulse from vinayak@benzinga.com
Blend Labs (NYSE:BLND) reported Q3 2023 earnings with losses of $(0.09) per share, in line with analyst estimates. This is a 52.63% improvement from the same period last year. Quarterly sales were $40.59 million, beating the estimate of $40.26 million by 0.82%, but down 26.67% from last year.
November 07, 2023 | 9:35 pm
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NEUTRAL IMPACT
Blend Labs reported Q3 2023 earnings in line with estimates but with a significant YoY decrease in sales. This mixed result may lead to uncertain market reactions.
Blend Labs' Q3 2023 earnings report shows a mixed picture. While the EPS is in line with estimates, indicating stable performance, the significant YoY decrease in sales could be a concern for investors, potentially impacting the stock's performance in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100