Shares of Blackline Inc. (NASDAQ: BL) surged 7.20% in after-hours trading on Tuesday following the release of the company's first-quarter 2025 financial results. The cloud-based software provider reported earnings that significantly exceeded analyst expectations, driving investor enthusiasm.
Blackline posted adjusted earnings per share (EPS) of $0.49 for Q1, handily beating the analyst consensus estimate of $0.38 by 28.95%. While this represents a 9.26% decrease from the same period last year, it still impressed investors. Revenue for the quarter came in at $166.931 million, slightly above the expected $166.7 million, marking a 6.01% increase year-over-year. The company's ability to surpass both earnings and revenue estimates demonstrates its continued growth and operational efficiency.
Looking ahead, Blackline provided an optimistic outlook, forecasting Q2 revenue between $170-172 million and full-year revenue in the range of $692-705 million. This forward guidance suggests continued growth and may have contributed to the positive after-hours stock movement. As Blackline continues to expand its cloud-based accounting and financial operations platform, investors appear to be betting on the company's long-term potential in the evolving financial technology sector.
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