Cloud-based financial software provider BlackLine (BL) recently announced its fourth-quarter results that continued to surpass market expectations on all counts. Its earnings outlook was, however, a bit disappointing. But that has not slowed down the stock's growth.
BlackLine's Financials
Revenues for the fourth quarter grew 29% over the year to $80.3 million, ahead of the Street's estimate of $77.9 million. Net loss was $9.2 million compared with a loss of $8.2 million reported a year ago. On an adjusted basis, EPS was $0.14 compared with the Street's estimate of $0.13.
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