
Jabin Bastian 2023/05/05 2:16pm
What Happened: Shares of accounting automation software maker Blackline (NASDAQ:BL) jumped 8.38% in the after-market session after the company reported first-quarter results that beat analysts' revenue estimates slightly. Free cash flow and earnings per share (EPS) beat by larger magnitudes. However, customer growth slowed and gross margin declined slightly. Despite these, management provided reassuring guidance with revenue projections for the next quarter and full year roughly inline with Consensus. More positively, EPS guidance was well above expectations. This was a mixed but overall strong quarter. ... Continue Reading