Blackline Inc. (BL) Tops Q4 EPS by 1c

Blackline Inc. (NASDAQ: BL) reported Q4 EPS of $0.14, $0.01 better than the analyst estimate of $0.13. Revenue for the quarter came in at $80.3 million versus the consensus estimate of $77.87 million.

Therese Tucker, Founder and CEO, commented, “In the fourth quarter, we continued to see healthy global demand from companies investing in digital transformation resulting in a strong close to the year. I am incredibly pleased with our consistent execution and with what we were able to accomplish in 2019 to drive growth, scale the business, and maintain a strong leadership position. Looking ahead, we will remain focused on our customers’ success and executing on our multi-year strategy to drive sustainable growth.”

GUIDANCE:

Blackline Inc. sees Q1 2020 EPS of $0.04-$0.06, versus the consensus of $0.09. Blackline Inc. sees Q1 2020 revenue of $80-81 million, versus the consensus of $78.7 million.

Blackline Inc. sees FY2020 EPS of $0.45-$0.48, versus the consensus of $0.52. Blackline Inc. sees FY2020 revenue of $347-354 million, versus the consensus of $346.72 million.

For earnings history and earnings-related data on Blackline Inc. (BL) click here.

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