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BlackBerry: Fiscal 3Q Earnings Snapshot

December 20, 2019 GMT

WATERLOO, Ontario (AP) _ BlackBerry Ltd. (BB) on Friday reported a fiscal third-quarter loss of $32 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Waterloo, Ontario-based company said it had a loss of 7 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 3 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The cybersecurity software and services company posted revenue of $267 million in the period. Its adjusted revenue was $280 million.

BlackBerry shares have fallen 18% since the beginning of the year. The stock has fallen 21% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BB at https://www.zacks.com/ap/BB