Blend Labs: Q3 Earnings Snapshot

Associated Press Finance

2024-11-07

SAN FRANCISCO (AP) — SAN FRANCISCO (AP) — Blend Labs Inc. (BLND) on Wednesday reported a loss of $2.4 million in its third quarter.

The San Francisco-based company said it had a loss of 3 cents per share. Earnings, adjusted for one-time gains and costs, were less than 1 cent on a per-share basis.

The cloud-based platform for financial companies posted revenue of $45.2 million in the period.

For the current quarter ending in December, Blend Labs said it expects revenue in the range of $39.5 million to $42.5 million.

In the final minutes of trading on Wednesday, the company's shares hit $3.86. A year ago, they were trading at $1.42.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BLND at https://www.zacks.com/ap/BLND

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(BLND) on Wednesday reported a loss of $2.4 million in its third quarter.</p>\n<p>The San Francisco-based company said it had a loss of 3 cents per share. Earnings, adjusted for one-time gains and costs, were less than 1 cent on a per-share basis.</p>\n<p>The cloud-based platform for financial companies posted revenue of $45.2 million in the period.</p>\n<p>For the current quarter ending in December, Blend Labs said it expects revenue in the range of $39.5 million to $42.5 million.</p>\n<p>In the final minutes of trading on Wednesday, the company's shares hit $3.86. A year ago, they were trading at $1.42.</p>\n<p>_____</p>\n<p>This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. 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(BLND) on Wednesday reported a loss of $2.4 million in its third quarter.</p>\n<p>The San Francisco-based company said it had a loss of 3 cents per share. Earnings, adjusted for one-time gains and costs, were less than 1 cent on a per-share basis.</p>\n<p>The cloud-based platform for financial companies posted revenue of $45.2 million in the period.</p>\n<p>For the current quarter ending in December, Blend Labs said it expects revenue in the range of $39.5 million to $42.5 million.</p>\n<p>In the final minutes of trading on Wednesday, the company's shares hit $3.86. A year ago, they were trading at $1.42.</p>\n<p>_____</p>\n<p>This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. 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Earnings, adjusted for one-time gains and costs, were less than 1 cent on a per-share basis.\nThe cloud-based platform for financial companies posted revenue of $45.2 million in the period.\nFor the current quarter ending in December, Blend Labs said it expects revenue in the range of $39.5 million to $42.5 million.\nIn the final minutes of trading on Wednesday, the company's shares hit $3.86. A year ago, they were trading at $1.42.\n_____\nThis story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BLND at https://www.zacks.com/ap/BLND","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}