Blend Labs, Inc (..) revealed Loss for its fourth quarter that increased from last year and missed the Street estimates.
The company's bottom line came in at -$82.71 million, or -$0.35 per share. This compares with -$73.12 million, or -$0.32 per share, in last year's fourth quarter.
Excluding items, Blend Labs, Inc reported adjusted earnings of -$49.30 million or -$0.21 per share for the period.
Analysts on average had expected the company to earn -$0.16 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 47.2% to $42.79 million from $80.99 million last year.
Blend Labs, Inc earnings at a glance (GAAP) :
-Earnings (Q4): -$82.71 Mln. vs. -$73.12 Mln. last year.
-EPS (Q4): -$0.35 vs. -$0.32 last year.
-Analyst Estimate: -$0.16
-Revenue (Q4): $42.79 Mln vs. $80.99 Mln last year.
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