BlackBerry: Fiscal 3Q Earnings Snapshot
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.