Why BlackBerry Shares Are Bouncing Higher After Hours
Portfolio Pulse from Adam Eckert
BlackBerry Limited (NYSE:BB) reported better-than-expected quarterly results, with a revenue of $373 million, surpassing the consensus estimate of $160.35 million. The company also reported adjusted earnings of 6 cents per share, beating analyst estimates for a loss of 5 cents per share. The company's shares were up 7.11% after hours.
June 28, 2023 | 9:36 pm
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BlackBerry's better-than-expected Q1 results and positive earnings per share led to a 7.11% increase in its stock price after hours.
BlackBerry's strong Q1 results and positive earnings per share beat analyst estimates, which likely boosted investor confidence and led to the increase in its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100