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Why BlackLine Stock Rallied Friday Morning

Why BlackLine Stock Rallied Friday Morning

Shares of BlackLine (NASDAQ: BL) charged sharply higher Friday, surging as much as 11.1%. The catalyst that sent the cloud-based accounting and finance company higher was quarterly results that showed the sky was not falling. For Q1, BlackLine reported revenue of $139 million, up 16% year over year, resulting in a loss per share of $0.20.