U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite gaining more than 50 points on Friday. The Dow traded down 0.05% to 39,426.08 while the NASDAQ rose 0.36% to 16,720.23. The S&P 500 also rose, gaining, 0.30% to 5,335.46. Leading and Lagging Sectors Information technology shares climbed by 0.6% on Friday. In trading on Friday, industrials shares fell 0.3%. Top Headline The total number of active U.S. oil rigs increased by three to 485 rigs this week, Baker Hughes Inc reported. Equ ...

Blend Labs (BLND) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 60%. A quarter ago, it was expected that this cloudbased platform for financial companies would post a loss of $0.08 per share when it actually produced a loss of $0.06, delivering a surprise of 25%. Over the last four quarter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-40599 BLEND LABS, INC. (Exact name of registrant as specified in its charter) Delaware 45-5211045 (State or other jurisdiction of inc ...

Blend Announces Second Quarter 2024 Financial Results Meets Revenue Guidance and Outperforms Operating Loss Target in Second Quarter 2024 August 8, 2024 SAN FRANCISCO -- Blend Labs, Inc. (NYSE:BLND), the leading platform for digital banking solutions, today announced its second quarter 2024 financial results. "The second quarter marked another strong quarter for Blend, as we signed several important deals with new customers across mortgage and consumer banking," said Nima Ghamsari, Head of Blend. "Despite c ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. A g ...

 Winnie Ling – Head-Legal and People Nima Ghamsari – Co-Founder and Head-Blend Amir Jafari – Head-Finance and Administration Bryan Michaleski – Investor Relations Lead Dylan Becker – William Blair David Unger – Wells Fargo Ryan Tomasello – KBW Joseph Vafi – Canaccord Genuity Seth Gilbert – UBS Good afternoon, and welcome to BlendÂ's First Quarter 2024 Earnings Conference Call. My name is Winnie Ling and IÂ'm Head of Legal and People for the company. Joining us today are Nima Ghamsari, Co-Founder and Head o ...

For the quarter ended March 2024, Blend Labs (BLND) reported revenue of $34.95 million, down 6.4% over the same period last year. EPS came in at -$0.06, compared to -$0.15 in the year-ago quarter.The reported revenue represents a surprise of +2.97% over the Zacks Consensus Estimate of $33.94 million. With the consensus EPS estimate being -$0.08, the EPS surprise was +25.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

Blend Labs (BLND) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 25%. A quarter ago, it was expected that this cloud-based platform for financial companies would post a loss of $0.08 per share when it actually produced a loss of $0.07, delivering a surprise of 12.50%.Over the last four quart ...

| --- | --- | --- | |--------------------------------------------------------------------------------------------------------------|---------------|-------------------| | | June 30, 2024 | December 31, 2024 | | Estimated weighted average shares used in calculating net loss per share (basic and diluted) 253,104 254,179 | | | | | | | | Estimated outstanding common shares as of period-end 254,204 258,539 | | | Footnotes Note 2: Consumer Banking Suite Revenues consist of home equity, personal lending, credit ca ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from to Commission File Number 001-40599 BLEND LABS, INC. (Exact name of registrant as specified in its charter) Delaware 45-5211045 (State or other jurisdiction of in ...