Blend Labs Q4 2023 GAAP EPS $(0.09), Inline, Sales $36.104M Miss $36.928M Estimate
Portfolio Pulse from Benzinga Newsdesk
Blend Labs (NYSE:BLND) reported Q4 2023 GAAP EPS of $(0.09), meeting analyst consensus estimates. However, their quarterly sales of $36.104M fell short of the expected $36.928M, marking a 15.62% decrease from the previous year.
March 14, 2024 | 8:53 pm
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NEGATIVE IMPACT
Blend Labs reported Q4 2023 earnings with EPS of $(0.09), in line with estimates, but missed sales expectations by 2.23%, showing a significant year-over-year decline.
The alignment of EPS with estimates suggests operational control, but the miss on sales forecasts and a notable year-over-year decline could concern investors about growth prospects, likely pressuring the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100