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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.