Backblaze Q1 2024 Adj EPS $(0.14) Beats $(0.29) Estimate, Sales $29.968M Beat $29.741M Estimate
Portfolio Pulse from Benzinga Newsdesk
Backblaze (NASDAQ:BLZE) reported Q1 2024 adjusted EPS of $(0.14), surpassing the $(0.29) estimate, and sales of $29.968M, exceeding the $29.741M estimate. This represents a significant improvement over the previous year, with a 46.15% decrease in losses per share and a 28.10% increase in sales.
May 08, 2024 | 9:04 pm
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Backblaze reported a notable improvement in Q1 2024 earnings and sales, beating estimates with adjusted EPS of $(0.14) and sales of $29.968M.
Backblaze's better-than-expected Q1 2024 financial results, including a significant reduction in losses per share and a notable increase in sales compared to the same period last year, are likely to positively impact investor sentiment and the stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100