Market Overview

UPDATE: BlackBerry Posts Surprise Q4 Profit

Related BBRY
Weekly Highlights: iPad Sales Expectations, Microsoft's VR Gaming Plans And More
BlackBerry's Revenue Decline: Here's Why Investors Shouldn't Worry
BlackBerry CEO Talks 'Classic' Debut, Strategy (Fox Business)

BlackBerry (NASDAQ: BBRY) reported an operating profit for its fourth fiscal quarter.

BlackBerry posted a quarterly net profit of $98 million, or $0.19 per share, versus a year-ago net loss of $125 million, or $0.24 per share.

Its adjusted earnings from continuing operations came in at $114 million, or $0.22 per share. However, analysts were expecting an adjusted loss of $0.30 per share.

Its quarterly revenue fell to $2.68 billion, from $2.73 billion, missing analysts' estimates of $2.84 billion.

BlackBerry shares gained 4.55% to $15.23 in pre-market trading.

Posted-In: profitEarnings News

 

Related Articles (BBRY)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Benzinga Professional