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NEW YORK - Blackline Inc . (NASDAQ:BL) reported fourth-quarter earnings that missed analyst expectations and provided disappointing guidance for fiscal year 2025, sending shares plummeting 11.9% in after-hours trading.
The financial software company posted adjusted earnings per share of $0.47 for Q4, falling short of the $0.50 consensus estimate. Revenue came in at $169.5 million, slightly above expectations of $168.09 million and up 9% YoY.
For the full fiscal year 2025, Blackline forecasts adjusted EPS of $1.97 to $2.10, well below the $2.28 analyst consensus. The company expects revenue of $699 million to $705 million, also missing the $712 million consensus estimate.
"We believe our recent user conference and accelerating innovation are creating momentum for BlackLine," said Owen Ryan, Co-CEO of BlackLine. "While we recognize the work ahead to achieve our full vision, our strategic investments are building a solid foundation for future growth."
The company reported a total of 4,443 customers at the end of Q4, with its user base expanding to 397,477. Blackline achieved a dollar-based net revenue retention rate of 102% for the quarter.
Despite the earnings miss and weak guidance, Blackline’s Q4 free cash flow improved to $36.5 million from $35.3 million in the year-ago quarter. The company also launched its Studio360 Platform aimed at driving future-ready financial operations for CFOs.
Investors appear to be focusing on the disappointing outlook, as reflected in the sharp stock decline following the earnings release. Blackline will need to demonstrate progress on its growth initiatives to regain market confidence in the coming quarters.
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