BlackBerry Q2 Adj $(0.04) Beats $(0.06) Estimate, Sales $132.00M Miss $132.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
BlackBerry reported Q2 losses of $(0.04) per share, beating the analyst consensus estimate of $(0.06) by 33.33%. However, the company's quarterly sales of $132.00 million missed the analyst consensus estimate of $132.03 million by 0.02%. This represents a 21.43% decrease over sales of $168.00 million the same period last year.
September 28, 2023 | 9:08 pm
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NEUTRAL IMPACT
BlackBerry's Q2 earnings beat estimates but sales missed, indicating mixed financial performance.
BlackBerry's earnings beat estimates, which is positive for the stock. However, the miss on sales, which decreased significantly compared to the same period last year, could negatively impact the stock. The net effect is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100