Blend Labs, Inc Q4 Loss Drops, Inline With Estimates

(RTTNews) - Blend Labs, Inc (..) reported Loss for fourth quarter that decreased from last year in line with the Street estimates.

The company's bottom line totaled -$31.81 million, or -$0.13 per share. This compares with -$82.71 million, or -$0.35 per share, in last year's fourth quarter.

Excluding items, Blend Labs, Inc reported adjusted earnings of -$21.62 million or -$0.09 per share for the period.

Analysts on average had expected the company to earn -$0.09 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 15.6% to $36.10 million from $42.79 million last year.

Blend Labs, Inc earnings at a glance (GAAP) :

-Earnings (Q4): -$31.81 Mln. vs. -$82.71 Mln. last year. -EPS (Q4): -$0.13 vs. -$0.35 last year. -Revenue (Q4): $36.10 Mln vs. $42.79 Mln last year.

-Guidance: Next quarter revenue guidance: $32.5 – $35.5 Mln