Blend Labs, Inc Q4 Loss Increases, misses estimates

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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