Backblaze, Inc. (BLZE) Reports Q3 Loss, Tops Revenue Estimates
Portfolio Pulse from
Backblaze, Inc. (BLZE) reported a Q3 loss of $0.10 per share, which was better than the Zacks Consensus Estimate of a $0.11 loss. This is an improvement from the $0.21 loss per share reported a year ago.
November 08, 2024 | 2:00 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Backblaze, Inc. reported a Q3 loss of $0.10 per share, beating the Zacks Consensus Estimate of a $0.11 loss. This marks an improvement from the $0.21 loss per share a year ago.
The better-than-expected earnings report and improvement from the previous year's loss are likely to positively impact BLZE's stock price in the short term. Investors may view the narrowing loss as a sign of financial improvement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100