Blend Labs, Inc (..) reported Loss for fourth quarter that decreased from last year in line with the Street estimates.
The company's bottom line totaled -$31.81 million, or -$0.13 per share. This compares with -$82.71 million, or -$0.35 per share, in last year's fourth quarter.
Excluding items, Blend Labs, Inc reported adjusted earnings of -$21.62 million or -$0.09 per share for the period.
Analysts on average had expected the company to earn -$0.09 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 15.6% to $36.10 million from $42.79 million last year.
Blend Labs, Inc earnings at a glance (GAAP) :
-Earnings (Q4): -$31.81 Mln. vs. -$82.71 Mln. last year.
-EPS (Q4): -$0.13 vs. -$0.35 last year.
-Revenue (Q4): $36.10 Mln vs. $42.79 Mln last year.
-Guidance:
Next quarter revenue guidance: $32.5 – $35.5 Mln
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