BlackLine Q2 2024 Adj. EPS $0.58 Beats $0.50 Estimate, Sales $160.506M Beat $158.205M Estimate
Portfolio Pulse from Benzinga Newsdesk
BlackLine (NASDAQ:BL) reported Q2 2024 adjusted EPS of $0.58, beating the $0.50 estimate by 16%. Sales were $160.506M, surpassing the $158.205M estimate by 1.45%. This represents a 41.46% increase in EPS and an 11.02% increase in sales compared to the same period last year.
August 06, 2024 | 9:05 pm
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BlackLine reported strong Q2 2024 results with EPS of $0.58 beating estimates by 16% and sales of $160.506M beating estimates by 1.45%. This indicates robust financial performance and growth.
The significant beat on both EPS and sales estimates, along with strong year-over-year growth, suggests positive market sentiment and potential short-term price appreciation for BlackLine.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100