Blend Labs (NYSE:BLND) reported its Q1 earnings results on Tuesday, May 9, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Blend Labs beat estimated earnings by 16.67%, reporting an EPS of $-0.15 versus an estimate of $-0.18.
Revenue was down $34.19 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $0.05 which was followed by a 35.39% drop in the share price the next day.
Here’s a look at Blend Labs’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.16 | -0.19 | -0.19 | |
| EPS Actual | -0.21 | -0.19 | -0.19 | -0.20 |
| Revenue Estimate | 44.92M | 50.44M | 58.32M | 64.68M |
| Revenue Actual | 42.78M | 55.35M | 65.54M | 71.52M |
To track all earnings releases for Blend Labs visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
