Blackbaud Inc Q1 Profit Beats Estimates

(RTTNews) - Blackbaud Inc (BLKB) released earnings for first quarter that beat the Street estimates.

The company's bottom line totaled $4.86 million, or $0.10 per share. This compares with $5.24 million, or $0.10 per share, last year.

Excluding items, Blackbaud Inc reported adjusted earnings of $47.30 million or $0.96 per share for the period.

Analysts on average had expected the company to earn $0.92 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 3.1% to $270.66 million from $279.25 million last year.

Blackbaud Inc earnings at a glance (GAAP) :

-Earnings: $4.86 Mln. vs. $5.24 Mln. last year. -EPS: $0.10 vs. $0.10 last year. -Revenue: $270.66 Mln vs. $279.25 Mln last year.