Blend Labs: Q3 Earnings Snapshot

NOVATO, Calif. (AP) — NOVATO, Calif. (AP) — Blend Labs Inc. (BLND) on Thursday reported a third-quarter loss of $1.9 million, after reporting a profit in the same period a year earlier.

The Novato, California-based company said it had a loss of 3 cents per share. Earnings, adjusted for one-time gains and costs, came to less than 1 cent on a per-share basis.

The cloud-based platform for financial companies posted revenue of $32.9 million in the period.

For the current quarter ending in December, Blend Labs said it expects revenue in the range of $27.7 million to $29.7 million.

In the final minutes of trading on Thursday, the company's shares hit $1.14. A year ago, they were trading at $3.22.

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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 BLND at https://www.zacks.com/ap/BLND