BlackBerry Stock Jumps On Q1 Earnings Beat: The Details

Quick Summary:

Q1 Revenue: $144 million, beat estimates of $134.052 million Q1 EPS: loss of 3 cents, beat estimates for loss of 4 cents IoT revenue was $53 million, up 18% year-over-year. Cybersecurity revenue totaled $85 million in the quarter and licensing and other revenue came in at $6 million.

BlackBerry ended the quarter with $283 million in cash, cash equivalents and short- and long-term investments.“BlackBerry’s strategy is delivering results.

BlackBerry Ltd (NYSE:BB) reported fiscal first-quarter financial results after the market close on Wednesday.

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Article Details

Author / Journalist: Adam Eckert

Category: Technology

Markets: United States

Topics: CA09228F1036 BB News Movers Benzinga After-Hours Center Why it's moving Tech Earnings

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-26 @ 21:27:45 (5 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 290 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 20 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 21396803

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