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Blackbaud revised earnings and revenue estimates, lowering them and causing a 12.17% stock drop.
Blackbaud, Inc. (BLKB), a cloud computing service provider, has revised its annual outlook, projecting adjusted earnings per share between $3.98 and $4.16, down from $4.12 to $4.38.
Revenue estimates have also decreased to between $1.150 billion and $1.160 billion, compared to the previous range of $1.164 billion to $1.194 billion.
Following this announcement, the company's stock fell by 12.17% to $76.83 on the Nasdaq.
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Blackbaud revisó las estimaciones de ingresos y ganancias, reduciéndolas y causando una caída del 12,17% de las acciones.