Recap: Blend Labs Q3 Earnings
Portfolio Pulse from Benzinga Insights
Blend Labs (NYSE:BLND) reported its Q3 earnings with an EPS of $-0.09, in line with estimates. However, revenue was down $14.76 million from the same period last year. Last quarter, the company beat EPS estimates by $0.04, which led to a 17.21% increase in the share price the next day.
November 07, 2023 | 9:35 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Blend Labs reported Q3 earnings in line with estimates, but saw a significant drop in revenue compared to the same period last year. This could potentially impact the stock negatively in the short term.
Blend Labs' Q3 earnings report shows a significant drop in revenue compared to the same period last year. While the EPS was in line with estimates, the decrease in revenue could be a cause for concern for investors, potentially leading to a negative impact on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100