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Stock impact report

BlackBerry posts better-than-expected revenue, profit, cash flows in third quarter [Globe and Mail, The (Toronto, Canada)]

BlackBerry Limited (BB) 
Last blackberry limited earnings: 3/31 04:05 pm Check Earnings Report
US:NYSE Investor Relations: us.blackberry.com/company/investors
The Waterloo, Ont., software company said it generated US$162-million in revenue in its fiscal third quarter ended Nov. 30, well above analyst expectations of US$151-million, driven by better-than-expected results in both its cybersecurity and connected-car software units. The company's adjusted operating earnings for the quarter were US$23-million, significantly higher than analyst expectations in the mid-single digits millions. BlackBerry's net loss was US$11-million, or 2 cents a share, an improvement from a US$21-million loss in the same period a year earlier. Excluding the US$23-million in quarterly losses from the Cylance cybersecurity unit that it is selling, the company generated a US$12-million profit. Operating cash flows came in at US$3-million; analysts had expected that to be negative. “BlackBerry achieved a significant inflection in its results this past quarter,” CEO John Giamatteo said in a release. The company also forecast that it would generate US$126-mil Show less Read more
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