Blend Labs Reports Q3 Earnings: Mixed Growth & Market Adjustments

Blend Labs, a financial tech platform, reported a net income of $12.5 million in Q3, a stark contrast to last years loss. While earnings per share were two cents, adjusted earnings were less than one cent. Revenues stood at $32.9 million. Looking ahead, Blend Labs anticipates Q4 revenues between $31 million and $32.5 million. Shares closed at $3.03, down from $3.86 a year ago.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.