CORRECTION: BlackLine Sees Q3 Adj. EPS $0.49-$0.52 Vs $0.55 Est.; Revenue $162M-$164M Vs $158.205M Est.
Portfolio Pulse from Benzinga Newsdesk
BlackLine has revised its Q3 adjusted EPS guidance to $0.49-$0.52, below the estimated $0.55. However, the company expects revenue to be between $162M-$164M, which is above the estimated $158.205M.
August 07, 2024 | 1:17 pm
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BlackLine has revised its Q3 adjusted EPS guidance to $0.49-$0.52, which is below the estimated $0.55. However, the company expects revenue to be between $162M-$164M, which is above the estimated $158.205M.
The lower-than-expected EPS guidance may concern investors, potentially putting downward pressure on the stock. However, the higher-than-expected revenue guidance could offset some of this negativity, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100