Blackboard Inc. (BBBB) posted third quarter GAAP net income of $4.3 million or $0.13 per share, compared to $0.88 million or $0.03 per share in the prior year period. Non-GAAP adjusted net income for the quarter was $13.3 million or $0.40 per share, compared to $10.2 million or $0.32 per share in the year-ago period.
On average, 11 analysts polled by Thomson Reuters expected the company to report earnings of $0.37 per share. Analysts' estimates typically exclude special items.
Total revenue for the quarter was $98.4 million, compared to $83.0 million in the preceding year quarter. The increase in revenue was driven by strong growth in Blackboard's professional services and managed hosting offerings.
Eleven Wall Street analysts expected revenues of $96.63 million for the quarter.
Looking forward, for the fourth quarter, the company said it expects GAAP net income in the range of $4.2 million to $6.4 million and net income per share in the range of $0.12 to $0.19. Non-GAAP adjusted net income is forecast in the range of $13.3 to $15.5 million and earnings per share in the range of $0.40 to $0.46. Revenue is estimated to range from $96.7 million to $99.7 million.
Street analysts expect earnings of $0.41 per share on revenues of $98.17 million.
Further, for the fiscal year 2009, the company now expects GAAP net income in the range of $4.4 to $6.5 million and earnings per share in the range of $0.13 to $0.20. Non-GAAP adjusted net income is now forecast in the range of $44.1 to $46.3 million and earnings per share in the range of $1.34 to $1.41. Revenue is now projected in the range of $373.6 million to $376.6 million.
The company previously expected net income including charges of $0.70 million - $4.7 million or $0.02 to $0.15 per share. Excluding charges, adjusted net income was forecast in the $41.0 million to $45.1 million or $1.26 to $1.38 per share range, on revenues in the range of $369.0 million to $375.0 million.
Street analysts expect earnings of $1.33 per share on revenues of $373.36 million.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.