Why Blackbaud Stock Is Plummeting Today
BLKBBlackbaud(BLKB) The Motley Fool·2024-02-14 04:36

Blackbaud (BLKB -15.16%) stock is sinking Tuesday. The software specialist's share price was down 12.6% as of 3 p.m. ET, according to data from S&P Global Market Intelligence. Blackbaud published its fourth-quarter results after the market closed yesterday. While the company's non- GAAP (adjusted) earnings per share of 1.14beattheaverageanalystestimatescallforpershareearningsof1.14 beat the average analyst estimate's call for per-share earnings of 1.05, revenue for the period missed Wall Street's target. The company posted sales of roughly $295 million, while the ...