Tags: blackberry | shares | earnings | stock | price

BlackBerry Shares Surge After Earnings Results Beat Estimates

BlackBerry Shares Surge After Earnings Results Beat Estimates
(Getty Images)

Wednesday, 20 December 2017 08:37 AM EST

Canada's BlackBerry Ltd. reported third-quarter results on Wednesday that beat analysts' forecasts, helped by an increase in business software sales and licensing revenue, sending its stock up more than 7 percent in premarket trading.

The company reported adjusted earnings of 3 cents a share in the quarter ended Nov. 30, better than the average analyst forecast for it to break even, according to Thomson Reuters I/B/E/S. Quarterly revenue fell 25 percent from a year earlier to $226 million, beating the average forecast of $215.4 million.

"It's pretty impressive, beating on both the top and bottom lines," said Ali Mogharabi, an analyst at Morningstar. "The growth specifically in enterprise software is good to see."

The Waterloo, Ontario-based company said enterprise software and services sales jumped 11.5 percent from a year ago to $97 million as it received some 3,000 orders in the quarter from customers including NATO, the U.S. government and Deutsche Bank.

Revenue from intellectual property and licensing surged 67 percent to $50 million. A jump in that category had provided an unexpected boost to company earnings in the second quarter.

Sales in its BlackBerry Technology Solution group - which includes the QNX software used in auto infotainment units and self-driving vehicle systems - were flat at $43 million.

The company's U.S.-listed shares were up 7.5 percent at $11.69 in premarket trading. 

© 2026 Thomson/Reuters. All rights reserved.


Companies
Canada's BlackBerry Ltd. reported third-quarter results on Wednesday that beat analysts' forecasts, helped by an increase in business software sales and licensing revenue, sending its stock up more than 7 percent in premarket trading.
blackberry, shares, earnings, stock, price
222
2017-37-20
Wednesday, 20 December 2017 08:37 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved