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Why Shares of BlackLine Are Falling Today

TheMotleyFool 
0 0 12.02.21
Why Shares of BlackLine Are Falling TodayPhoto, wide shot, wide-angle lens, Consumer electronics manufacturer, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Hiroshi Sugimoto: https://img.theapi.app/temp/d8a4268f-c982-4aa8-a09e-f9ee1db62f57.png
 

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.

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Source Fool.com

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