BlackLine (BL) Releases Earnings Results, Beats Expectations By $0.04 EPS

BlackLine (BL) announced its most recent quarterly financial results on Wednesday, Nov-30-2016. BL said it had a profit of $-0.05 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $-0.09. The company posted revenue of $32.20 million in the period, compared to analysts expectations of $31.85 million. BL’s revenue was up 48.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.15 EPS.

Many Wall Street Analysts have commented on BlackLine. BlackLine was Initiated by JP Morgan to “Neutral” on Nov 22, 2016. BlackLine was Initiated by Goldman to “Neutral” on Nov 22, 2016. Robert W. Baird Initiated BlackLine on Nov 22, 2016 to “Outperform”, Price Target of the shares are set at $33.

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