BB Beats Q1 Estimates
BlackBerry reports Q1 earnings and revenue beats, with its first cash-positive quarter in nine years, and raises fiscal-year guidance
BlackBerry Limited (NYSE: BB ) shares are trading higher Thursday after the company reported first-quarter earnings today before the market open. BlackBerry stock is showing exceptional strength. What’s driving BB stock higher? Q1 Highlights BlackBerry reported adjusted earnings per share of 4 cents, beating the consensus estimate of 3 cents.
18 million and representing a 26% year-over-year increase. 6 million. 3 million. 6 million, its first cash-positive fiscal first quarter in nine years.
0 million during the period. “The foundation of the business is stronger than it has been in years, and we continue to focus on disciplined execution and creating long-term value for our shareholders,” said John Giamatteo, CEO. Guidance BlackBerry expects second-quarter adjusted earnings per share of between 3 cents and 4 cents, versus the consensus estimate of 4 cents. 53 million.
The company also raised its fiscal-year adjusted earnings per share guidance from between 15 cents and 19 cents to between 16 cents and 20 cents, versus the consensus estimate of 17 cents. 88 million. 30, according to data Pro. Image via Shutterstock