Blackberry Shares Gained 1% in Premarket Trading

Tiger Newspress2022-06-24

BlackBerry shares gained 1% in premarket trading after its revenue topped estimates on auto, cybersecurity tech demand.

Canada's BlackBerry Ltd, topped Wall Street estimates for first-quarter revenue on Thursday, powered by growth in its auto products and cybersecurity services segments.

Soaring demand for electric vehicles and connected-car technologies boosted sales of BlackBerry's auto software, used in cars made by General Motors(GM.N), Mercedes-Benz and Toyota, among others.

BlackBerry said that revenue from its Internet-of-Things segment that includes its auto products grew the fastest in the reported quarter at 19%, with a gross margin of 84%.

BlackBerry's car products help power a host of functions including advanced driver assistance systems, infotainment units and connected-car technologies that allow autos to access the internet.

Revenue from the company's cybersecurity segment, its largest, rose 6% to $113 million as more businesses migrated to cloud platforms that support the pandemic-fueled trend of remote work.

Overall revenue fell 3.4% to $168 million for the quarter ended May 31, but topped analysts' average estimate of $160.7 million, according to IBES data from Refinitiv.

Net loss widened to $181 million, or 35 cents per share, from $62 million, or 11 cents per share, a year earlier.

Excluding items, BlackBerry reported a loss of 5 cents per share, in line with analyst estimates.

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

hohok
2022-06-25
hohok
Ok
Taishu1234
2022-06-25
Taishu1234
hi
yyhwin12345
2022-06-24
yyhwin12345
hi
T0000024852
2022-06-24
T0000024852
hi
Heng08
2022-06-24
Heng08
Good

Leave a comment

5

31

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1182313143?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-06-24 16:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1182313143","market":"us","top_or_hot":-1,"title":"Blackberry Shares Gained 1% in Premarket Trading","media":"Tiger Newspress","content":"<html><head></head><body><p>BlackBerry shares gained 1% in premarket trading after its revenue topped estimates on auto, cybersecurity tech demand.</p><p><img src=\"https://static.tigerbbs.com/d84b5c19ef4050f332cb99e02add6ac1\" tg-width=\"871\" tg-height=\"619\" referrerpolicy=\"no-referrer\"/></p><p>Canada&#39;s BlackBerry Ltd, topped Wall Street estimates for first-quarter revenue on Thursday, powered by growth in its auto products and cybersecurity services segments.</p><p>Soaring demand for electric vehicles and connected-car technologies boosted sales of BlackBerry&#39;s auto software, used in cars made by General Motors(GM.N), Mercedes-Benz and Toyota, among others.</p><p>BlackBerry said that revenue from its Internet-of-Things segment that includes its auto products grew the fastest in the reported quarter at 19%, with a gross margin of 84%.</p><p>BlackBerry&#39;s car products help power a host of functions including advanced driver assistance systems, infotainment units and connected-car technologies that allow autos to access the internet.</p><p>Revenue from the company&#39;s cybersecurity segment, its largest, rose 6% to $113 million as more businesses migrated to cloud platforms that support the pandemic-fueled trend of remote work.</p><p>Overall revenue fell 3.4% to $168 million for the quarter ended May 31, but topped analysts&#39; average estimate of $160.7 million, according to IBES data from Refinitiv.</p><p>Net loss widened to $181 million, or 35 cents per share, from $62 million, or 11 cents per share, a year earlier.</p><p>Excluding items, BlackBerry reported a loss of 5 cents per share, in line with analyst estimates.</p></body></html>","source":null,"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>Blackberry Shares Gained 1% in Premarket Trading</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\">\nBlackberry Shares Gained 1% in Premarket Trading\n</h2>\n\n<h4 class=\"meta\">\n\n2022-06-24 16:01 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BlackBerry shares gained 1% in premarket trading after its revenue topped estimates on auto, cybersecurity tech demand.Canada's BlackBerry Ltd, topped Wall Street estimates for first-quarter revenue ...</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":"1182313143","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1182313143","pubTimestamp":1656057715,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"BlackBerry shares gained 1% in premarket trading after its revenue topped estimates on auto, cyberse","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BB":"黑莓"},"translate_title":"黑莓股价在盘前交易中上涨1%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BB":0.9},"content_text":"BlackBerry shares gained 1% in premarket trading after its revenue topped estimates on auto, cybersecurity tech demand.Canada's BlackBerry Ltd, topped Wall Street estimates for first-quarter revenue on Thursday, powered by growth in its auto products and cybersecurity services segments.Soaring demand for electric vehicles and connected-car technologies boosted sales of BlackBerry's auto software, used in cars made by General Motors(GM.N), Mercedes-Benz and Toyota, among others.BlackBerry said that revenue from its Internet-of-Things segment that includes its auto products grew the fastest in the reported quarter at 19%, with a gross margin of 84%.BlackBerry's car products help power a host of functions including advanced driver assistance systems, infotainment units and connected-car technologies that allow autos to access the internet.Revenue from the company's cybersecurity segment, its largest, rose 6% to $113 million as more businesses migrated to cloud platforms that support the pandemic-fueled trend of remote work.Overall revenue fell 3.4% to $168 million for the quarter ended May 31, but topped analysts' average estimate of $160.7 million, according to IBES data from Refinitiv.Net loss widened to $181 million, or 35 cents per share, from $62 million, or 11 cents per share, a year earlier.Excluding items, BlackBerry reported a loss of 5 cents per share, in line with analyst estimates.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9048383459,"gmtCreate":1656139462672,"gmtModify":1676535775808,"author":{"id":"3581844295426037","authorId":"3581844295426037","name":"hohok","avatar":"https://static.tigerbbs.com/b9ae72338572431c58f911b40ae0f930","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581844295426037","authorIdStr":"3581844295426037"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9048383459","repostId":1182313143,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9048917748,"gmtCreate":1656125949584,"gmtModify":1676535773055,"author":{"id":"3586770271918953","authorId":"3586770271918953","name":"Taishu1234","avatar":"https://static.tigerbbs.com/304c84abf6afa2a712e382db070e86df","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586770271918953","authorIdStr":"3586770271918953"},"htmlText":"hi","listText":"hi","text":"hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9048917748","repostId":1182313143,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041266664,"gmtCreate":1656058329558,"gmtModify":1676535760576,"author":{"id":"3586228965364851","authorId":"3586228965364851","name":"yyhwin12345","avatar":"https://static.tigerbbs.com/f73f48f7dbf02904c9a179fb59cc138d","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586228965364851","authorIdStr":"3586228965364851"},"htmlText":"hi","listText":"hi","text":"hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041266664","repostId":1182313143,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041268490,"gmtCreate":1656058221110,"gmtModify":1676535760567,"author":{"id":"3586426272011868","authorId":"3586426272011868","name":"T0000024852","avatar":"https://static.tigerbbs.com/558c2124ff14f2c3586c97422ed4a346","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586426272011868","authorIdStr":"3586426272011868"},"htmlText":"hi","listText":"hi","text":"hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041268490","repostId":1182313143,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9041261212,"gmtCreate":1656058109436,"gmtModify":1676535760536,"author":{"id":"4088201880010570","authorId":"4088201880010570","name":"Heng08","avatar":"https://community-static.tradeup.com/news/505153f04c3a6654891a2cb833a63f89","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"4088201880010570","authorIdStr":"4088201880010570"},"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9041261212","repostId":1182313143,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":31,"commentSize":5,"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/1182313143"}