BlackLine: 4Q Earnings Snapshot

WOODLAND HILLS, Calif. (AP) _ BlackLine, Inc. (BL) on Thursday reported a loss of $17 million in its fourth quarter.

The Woodland Hills, California-based company said it had a loss of 30 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 21 cents per share.

The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The company posted revenue of $95.7 million in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $91.6 million.

For the year, the company reported that its loss widened to $46.9 million, or 83 cents per share. Revenue was reported as $351.7 million.

For the current quarter ending in April, BlackLine said it expects revenue in the range of $95.5 million to $96.5 million.

The company expects full-year revenue in the range of $410 million to $415 million.

BlackLine shares have increased 13% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $150.37, more than doubling in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BL at https://www.zacks.com/ap/BL

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