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BlackBerry reports 3Q loss

BlackBerry reports 3rd-quarter loss but tops expectations

BlackBerry reports 3Q loss

WATERLOO, Ontario (AP) -- BlackBerry Ltd. (BBRY) on Friday reported a loss of $89 million in its fiscal third quarter.

The Waterloo, Ontario-based company said it had a loss of 17 cents per share. Losses, adjusted for non-recurring costs and amortization costs, came to 3 cents per share.

The results beat Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.

The smartphone company posted revenue of $548 million in the period, which also beat Street forecasts. Nine analysts surveyed by Zacks expected $485.2 million.

BlackBerry shares have dropped 29 percent since the beginning of the year. The stock has fallen 22 percent in the last 12 months.

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

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Keywords: BlackBerry, Earnings Report


Updated : 2021-09-21 04:50 GMT+08:00