Why Shares of BlackLine Are Falling Today
Shares of the software company BlackLine (NASDAQ: BL) fell as much as 15% this morning after the company reported its earnings results for the fourth quarter and full year of 2020.
BlackLine, a software-as-a-service platform that supports and automates key finance and accounting processes, reported a net loss of roughly $17 million, or $0.30 earnings per share (EPS) in the fourth quarter of 2020. In the fourth quarter of 2019, the company lost $9.2 million.
For the full year, the company reported a loss of nearly $47 million, or roughly $0.83 EPS, compared to a $32.5 million loss in 2019.
Source Fool.com
