BlackBerry Stock Jumps On Q1 Earnings Beat: The Details
Portfolio Pulse from Adam Eckert
BlackBerry Ltd (NYSE:BB) reported better-than-expected fiscal Q1 results, with revenue of $144 million and a loss of 3 cents per share, both beating estimates. The company saw significant growth in its IoT and Cybersecurity segments and provided positive guidance for the next quarter and full year. BlackBerry shares rose 7.69% after hours.
June 26, 2024 | 9:27 pm
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BlackBerry reported better-than-expected Q1 results, with revenue of $144 million and a loss of 3 cents per share, both beating estimates. The company saw significant growth in its IoT and Cybersecurity segments and provided positive guidance for the next quarter and full year. Shares rose 7.69% after hours.
The better-than-expected earnings and revenue, along with strong growth in key segments and positive guidance, are likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100