Blend Labs, Inc. (BLND) shares plummeted 8.83% in after-hours trading on Thursday, following the release of its Q4 2024 earnings report.
The company reported adjusted earnings per share of $0.00, missing analysts' consensus estimate of $0.01 by a significant margin. While sales of $41.41 million beat expectations of $41.19 million, the earnings miss appears to have spooked investors.
Blend Labs' disappointing Q4 results suggest the company may be facing challenges in sustaining profitability and meeting growth expectations. The market reaction indicates concerns over the company's ability to deliver consistent earnings performance moving forward.
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