Blackbaud Inc (BLKB) announced a profit for its third quarter that increased from last year but missed the Street estimates.
The company's earnings totaled $20.542 million, or $0.40 per share. This compares with $9.017 million, or $0.17 per share, in last year's third quarter.
Excluding items, Blackbaud Inc reported adjusted earnings of $51.132 million or $0.99 per share for the period.
Analysts on average had expected the company to earn $1.07 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 3.3% to $286.727 million from $277.626 million last year.
Blackbaud Inc earnings at a glance (GAAP) :
-Earnings (Q3): $20.542 Mln. vs. $9.017 Mln. last year.-EPS (Q3): $0.40 vs. $0.17 last year.-Revenue (Q3): $286.727 Mln vs. $277.626 Mln last year.
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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.