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Stock impact report

Blackbaud dials back revenue, profit expectations [MarketWatch]

Blackbaud, Inc. (BLKB) 
Last blackbaud, inc. earnings: 2/10 04:10 pm Check Earnings Report
Company Research Source: MarketWatch
Blackbaud dials back revenue, profit expectations Cloud software company Blackbaud Inc. BLKB, -3.76% late Monday lowered its outlook for the year, saying it now expects full-year adjusted revenue between $844 million and $854 million, compared with a previous guidance of adjusted revenue between $870 million and $890 million. The company expects full-year adjusted earnings between $2.46 a share and $2.52 a share, from previous expectations between $2.75 a share and $2.88 a share. The company cited reductions in one-time service revenue and in transaction-based revenue in the U.K., among other reasons. Shares of Blackbaud were halted in the extended session, and resumed trading down as much as 15%. They ended the regular session down 3.8%. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here. Show less Read more
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