Blend Labs Q4 EPS $(0.09), Inline, Sales $36.10M Miss $36.93M Estimate
Portfolio Pulse from Happy Mohamed
Blend Labs (NYSE:BLND) reported Q4 earnings with losses of $(0.09) per share, meeting analyst estimates, but sales of $36.10M missed the $36.93M estimate. This represents a 57.14% improvement in losses and a 15.62% decrease in sales year-over-year.
March 14, 2024 | 8:45 pm
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Blend Labs reported Q4 EPS of $(0.09), in line with estimates, but missed sales forecasts with $36.10M against an expected $36.93M. Year-over-year, losses improved by 57.14%, but sales decreased by 15.62%.
The mixed earnings report from Blend Labs, with EPS meeting expectations but sales missing estimates, could lead to short-term negative sentiment among investors. The improvement in losses year-over-year is positive, but the decrease in sales might raise concerns about the company's growth trajectory, potentially impacting the stock price negatively in the short term.
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