Stock Track | BlackBerry Soars 5.7% as Q3 Beat and Analyst Upgrade Overshadow Lowered FY25 Outlook

Stock Track12-20 22:33

BlackBerry Ltd (BB) stock surged 5.7% in the pre-market session on Friday, outperforming the broader market. The cybersecurity software company's rally came after it reported better-than-expected earnings for the fiscal third quarter and received an analyst upgrade.

BlackBerry delivered fiscal Q3 adjusted earnings per share of $0.02, surpassing the consensus estimate of a $0.01 loss. Revenue for the quarter climbed to $162 million, also exceeding the expected $146.68 million. The company's key Internet of Things (IoT) segment posted a 13% year-over-year increase in revenue to $62 million.

The company's free cash flow improved significantly to $3 million from negative $33 million in the year-ago period, reflecting its efforts to enhance profitability. However, BlackBerry reduced its fiscal year 2025 guidance, projecting EPS between negative $0.02 and breakeven, compared to the consensus estimate of negative $0.01. Annual revenue is now expected to range from $517 million to $526 million, well below the $590 million analyst forecast.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1128163410?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-20 22:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1128163410","market":"us","top_or_hot":-1,"title":"Stock Track | BlackBerry Soars 5.7% as Q3 Beat and Analyst Upgrade Overshadow Lowered FY25 Outlook","media":"Stock Track","content":"<p>BlackBerry Ltd (BB) stock surged 5.7% in the pre-market session on Friday, outperforming the broader market. The cybersecurity software company's rally came after it reported better-than-expected earnings for the fiscal third quarter and received an analyst upgrade.</p>\n\n<p>BlackBerry delivered fiscal Q3 adjusted earnings per share of $0.02, surpassing the consensus estimate of a $0.01 loss. Revenue for the quarter climbed to $162 million, also exceeding the expected $146.68 million. The company's key Internet of Things (IoT) segment posted a 13% year-over-year increase in revenue to $62 million.</p>\n\n<p>The company's free cash flow improved significantly to $3 million from negative $33 million in the year-ago period, reflecting its efforts to enhance profitability. However, BlackBerry reduced its fiscal year 2025 guidance, projecting EPS between negative $0.02 and breakeven, compared to the consensus estimate of negative $0.01. Annual revenue is now expected to range from $517 million to $526 million, well below the $590 million analyst forecast.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | BlackBerry Soars 5.7% as Q3 Beat and Analyst Upgrade Overshadow Lowered FY25 Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | BlackBerry Soars 5.7% as Q3 Beat and Analyst Upgrade Overshadow Lowered FY25 Outlook\n</h2>\n\n<h4 class=\"meta\">\n\n2024-12-20 22:33 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BlackBerry Ltd (BB) stock surged 5.7% in the pre-market session on Friday, outperforming the broader market. The cybersecurity software company's rally came after it reported better-than-expected ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BB","symbol_name":"黑莓","start_time":0,"source_url":"","article_id":"1128163410","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1128163410","pubTimestamp":1734705215,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"BlackBerry Ltd  stock surged 5.7% in the pre-market session on Friday, outperforming the broader market. The cybersecurity software company's rally came after it reported better-than-expected earnings for the fiscal third quarter and received an analyst upgrade.BlackBerry delivered fiscal Q3 adjusted earnings per share of $0.02, surpassing the consensus estimate of a $0.01 loss. Revenue for the quarter climbed to $162 million, also exceeding the expected $146.68 million. The company's key Intern","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BB":"黑莓"},"translate_title":"黑莓股价飙升5.7%，第三季度业绩好于预期，分析师升级掩盖了下调的2025财年前景","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BB":1},"content_text":"BlackBerry Ltd (BB) stock surged 5.7% in the pre-market session on Friday, outperforming the broader market. The cybersecurity software company's rally came after it reported better-than-expected earnings for the fiscal third quarter and received an analyst upgrade.\nBlackBerry delivered fiscal Q3 adjusted earnings per share of $0.02, surpassing the consensus estimate of a $0.01 loss. Revenue for the quarter climbed to $162 million, also exceeding the expected $146.68 million. The company's key Internet of Things (IoT) segment posted a 13% year-over-year increase in revenue to $62 million.\nThe company's free cash flow improved significantly to $3 million from negative $33 million in the year-ago period, reflecting its efforts to enhance profitability. However, BlackBerry reduced its fiscal year 2025 guidance, projecting EPS between negative $0.02 and breakeven, compared to the consensus estimate of negative $0.01. Annual revenue is now expected to range from $517 million to $526 million, well below the $590 million analyst forecast.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1128163410"}