BlackLine: Q2 Earnings Snapshot
By AP News
Published - Aug 06, 2024, 04:44 PM ET
Last Updated - Aug 06, 2024, 04:44 PM EDT
WOODLAND HILLS, Calif. (AP) — WOODLAND HILLS, Calif. (AP) — BlackLine, Inc. (BL) on Tuesday reported second-quarter net income of $76.7 million.
On a per-share basis, the Woodland Hills, California-based company said it had net income of 22 cents. Earnings, adjusted for one-time gains and costs, were 58 cents per share.
The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The company posted revenue of $160.5 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $158 million.
