Blackline Inc. (BL) announced a profit for first quarter that decreased from last year but beat the Street estimates.
The company's earnings totaled $6.06 million, or $0.10 per share. This compares with $10.83 million, or $0.17 per share, last year.
Excluding items, Blackline Inc. reported adjusted earnings of $36.32 million or $0.49 per share for the period.
Analysts on average had expected the company to earn $0.38 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 6.0% to $166.931 million from $157.461 million last year.
Blackline Inc. earnings at a glance (GAAP) :
-Earnings: $6.06 Mln. vs. $10.83 Mln. last year.
-EPS: $0.10 vs. $0.17 last year.
-Revenue: $166.931 Mln vs. $157.461 Mln last year.
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