TECH - BlackBerry Stock Jumps On Q1 Earnings Beat: The Details | Benzinga
BlackBerry Ltd (NYSE:BB) reported fiscal first-quarter financial results after the market close on Wednesday. Here’s a look at the key metrics from the quarter.
- 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. The Company is making significant progress towards operational independence for our ...