CA - BlackBerry dips even as Q2 earnings beat expectations

BlackBerry ( NYSE: BB ) shares dipped 1% in after-hours even as the Canadian software company posted second-quarter results that topped expectations.

For the period ending August 31, BlackBerry ( BB ) said it lost 5 cents per share on $168M in revenue. Included in that was $162M from software and services.

Analysts were expecting a quarterly loss of 7 cents per share on $165.8M in revenue.

"This was a solid second quarter for BlackBerry, where we delivered both revenue in line with, and EPS ahead of, expectations," said John Chen, Executive Chairman & CEO, BlackBerry, in a statement. "Our IoT business continues to gain market share, and design-phase revenue remained at near-record levels.

BlackBerry ( BB ) will host a conference call at 5:30 p.m. EST to discuss the results.

Last month, it was reported that BlackBerry's ( BB ) $600M deal to sell patents fell apart after the Canadian-led lending syndicate withdrew from the process .

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