Cybersecurity and Internet-of-Things company BlackBerry Ltd. late Tuesday reported quarterly results that topped Wall Street expectations, although shares...
Cybersecurity and Internet-of-Things company BlackBerry Ltd. late Tuesday reported quarterly results that topped Wall Street expectations, although shares did little in after-hours trading.
BlackBerry BB reported a third-quarter loss of $4 million, or a loss of 9 cents a share on a diluted basis, versus net income of $74 million, or a loss of 5 cents a share on a diluted basis, in the year-ago period. The adjusted loss, which excluded stock-based compensation expenses and other items, was 5 cents a share basic, as the company... Cybersecurity and Internet-of-Things company BlackBerry Ltd.
BlackBerry BB reported a third-quarter loss of $4 million, or a loss of 9 cents a share on a diluted basis, versus net income of $74 million, or a loss of 5 cents a share on a diluted basis, in the year-ago period. The adjusted loss, which excluded stock-based compensation expenses and other items, was 5 cents a share basic, as the company did not provide a diluted per-share figure.Analysts surveyed by FactSet had forecast a loss of 8 cents a share on revenue of $164 million.
“Our IoT business has strong momentum and delivered a record quarter for design phase revenue, driven largely by design wins in core safety-critical auto and general embedded domains,” said John Chen, BlackBerry’s chief executive and chairman, in a statement. “It was also a strong quarter for product development, including a significant announcement with [Amazon Web Services] for QNX to be made available in the cloud.
Shares declined less than 1% after hours, following a 1% gain in the regular session to close at $4.15.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Here are Monday's biggest analyst calls: Tesla, Amazon, Netflix, Moderna, Nike, Coinbase & moreHere are Monday's biggest calls on Wall Street.
Leer más »
Wall Street looks to rebound after 2 down weeksWall Street futures are pointing higher as markets try to rebound from back-to-back weekly losses. Futures for the Dow inched up 0.2% early Monday and futures for the S&P 500 rose 0.4%.
Leer más »
Stocks edge lower in uncertain trading on Wall StreetWall Street futures pointed higher early Monday as markets try rebound from back-to-back weekly losses, driven by fears that interest rate hikes by the Federal Reserve and other central banks might tip the U.S. and global economies into recession.
Leer más »
Wall Street looks to rebound after two down weeksWall Street futures pointed higher early Monday as markets try to rebound from back-to-back weekly losses, driven by fears that interest rate hikes by the Federal Reserve and other central banks might tip the U.S. and global economies into recession.
Leer más »
Will a Santa Clause Rally come to Wall Street this year?A Santa Claus Rally is in doubt after the U.S. Federal Reserve decided to raise interest rates and economic recession looms.
Leer más »
Wall Street falls as recession worries persistU.S. stock indexes fell on Monday, led by shares of Tesla and other megapcap companies, as investors feared that the Federal Reserve's monetary policy tightening campaign could push the U.S. economy into a recession.
Leer más »