Blend Labs, Inc (..) announced Loss for its third quarter that increased from the same period last year and missed the Street estimates.
The company's earnings totaled -$133.97 million, or -$0.57 per share. This compares with -$76.93 million, or -$0.38 per share, in last year's third quarter.
Excluding items, Blend Labs, Inc reported adjusted earnings of -$42.76 million or -$0.91 per share for the period.
Analysts on average had expected the company to earn -$0.17 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 38.2% to $55.35 million from $89.57 million last year.
Blend Labs, Inc earnings at a glance (GAAP) :
-Earnings (Q3): -$133.97 Mln. vs. -$76.93 Mln. last year.
-EPS (Q3): -$0.57 vs. -$0.38 last year.
-Analyst Estimate: -$0.17
-Revenue (Q3): $55.35 Mln vs. $89.57 Mln last year.
-Guidance:
Full year revenue guidance: $235 - $240 Mln
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