WOODLAND HILLS, Calif. (AP) _ BlackLine, Inc. (BL) on Thursday reported a loss of $10 million in its first quarter.

The Woodland Hills, California-based company said it had a loss of 17 cents per share. Earnings, adjusted for one-time gains and costs, came to 1 cent per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

The company posted revenue of $120.2 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $119.4 million.

For the current quarter ending in July, BlackLine said it expects revenue in the range of $126 million to $127 million.

The company expects full-year earnings in the range of 8 cents to 11 cents per share, with revenue ranging from $524 million to $528 million.

BlackLine shares have decreased 40% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $61.99, a decline of 42% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BL at https://www.zacks.com/ap/BL

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