BlackBerry first-quarter revenue beats expectations, shares rise

Reuters2021-06-25

June 24 (Reuters) - Canadian security software supplier Blackberry Ltd beat Wall Street estimates for quarterly revenue on Thursday, lifted by a rebound in demand for its QNX operating software and cybersecurity products.

U.S.-listed shares of the company were up 1.3% at $12.84 in extended trading.

Revenue fell to $174 million in the first quarter ended May 31 from $206 million a year earlier, but beat analysts' average estimate of $171.25 million, according to Refinitiv-IBES data.

Demand for cybersecurity services have been on the rise as businesses increasingly migrate to cloud-based computing to support remote work during the COVID-19 pandemic.

A boom in electric-vehicle sales has also bolstered demand for BlackBerry's QNX software, primarily used in cars.

Net loss in the quarter narrowed to $62 million, or 11 cents per share, from $636 million, or $1.14 cents per share, a year earlier.

The company was also one of the "meme stocks" that received major attention from investors after a social-media driven retail short-squeeze frenzy. BlackBerry's shares are up over 90% so far this year.

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Comments

Apolonio
2021-06-26
Apolonio
cool
skyteoh83
2021-06-26
skyteoh83
Take care, not looking good
arcana1975
2021-06-25
arcana1975
Earnings beat and ner loss fell by 90%!! Yet stock press falls. Either investors are idiots or the shorts are trying hard, very hard.
RYong
2021-06-25
RYong
Beats expectations but still sinks more than 5% ?
SureWinkiat
2021-06-25
SureWinkiat
Who is the one keep selling.
- AngieAbcde:
  Haha
sproink
2021-06-25
sproink
Just bought MORE
- AngieAbcde:
  Not bad:)
- sproink:
  12.2 and 13,avg 12.5
- AngieAbcde:
  What pRice u enTer?

Leave a comment

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Yet stock press falls. Either investors are idiots or the shorts are trying hard, very hard.","listText":"Earnings beat and ner loss fell by 90%!! Yet stock press falls. Either investors are idiots or the shorts are trying hard, very hard.","text":"Earnings beat and ner loss fell by 90%!! Yet stock press falls. Either investors are idiots or the shorts are trying hard, very hard.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/125083864","repostId":2146256160,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":125005638,"gmtCreate":1624635423624,"gmtModify":1703842467579,"author":{"id":"3581681008250852","authorId":"3581681008250852","name":"RYong","avatar":"https://static.tigerbbs.com/1578f159b299beaa194afc3dbdc0c690","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Beats expectations but still sinks more than 5% ?","listText":"Beats expectations but still sinks more than 5% ?","text":"Beats expectations but still sinks more than 5% ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/125005638","repostId":2146256160,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":122763747,"gmtCreate":1624633647289,"gmtModify":1703842389491,"author":{"id":"3571223399413434","authorId":"3571223399413434","name":"SureWinkiat","avatar":"https://static.tigerbbs.com/436275fc4f72b7baf7dbaf30d5e7d82b","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":3,"crmLevelSwitch":1},"htmlText":"Who is the one keep selling.","listText":"Who is the one keep selling.","text":"Who is the one keep selling.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/122763747","repostId":2146256160,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5016920,"gmtCreate":1624634902198,"gmtModify":1635246496681,"authorId":3582760464345135,"author":{"id":3582760464345135,"authorId":3582760464345135,"name":"AngieAbcde","avatar":"https://static.tigerbbs.com/afd4bd4f4d998862f09bdc2916fcc2ab","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":122763747,"type":1,"supId":0,"prevId":0,"content":"Haha ","text":"Haha ","html":"Haha "}],"langContent":"EN"},{"id":122426015,"gmtCreate":1624630704737,"gmtModify":1703842263603,"author":{"id":"3570485805369960","authorId":"3570485805369960","name":"sproink","avatar":"https://static.tigerbbs.com/2aee510dd4008a9c4256b40c7e14201b","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Just bought MORE","listText":"Just bought MORE","text":"Just bought MORE","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/122426015","repostId":2146256160,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5079138,"gmtCreate":1625044042564,"gmtModify":1663230329329,"authorId":3582760464345135,"author":{"id":3582760464345135,"authorId":3582760464345135,"name":"AngieAbcde","avatar":"https://static.tigerbbs.com/afd4bd4f4d998862f09bdc2916fcc2ab","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":122426015,"type":1,"supId":0,"prevId":0,"content":"Not bad:)","text":"Not bad:)","html":"Not bad:)"},{"id":5077849,"gmtCreate":1625032001957,"gmtModify":1663230324447,"authorId":3570485805369960,"author":{"id":3570485805369960,"authorId":3570485805369960,"name":"sproink","avatar":"https://static.tigerbbs.com/2aee510dd4008a9c4256b40c7e14201b","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":122426015,"type":1,"supId":5016926,"prevId":0,"content":"12.2 and 13,avg <u>12.5</u>","text":"12.2 and 13,avg <u>12.5</u>","html":"12.2 and 13,avg <u>12.5</u>"},{"id":5016926,"gmtCreate":1624634925494,"gmtModify":1663230016528,"authorId":3582760464345135,"author":{"id":3582760464345135,"authorId":3582760464345135,"name":"AngieAbcde","avatar":"https://static.tigerbbs.com/afd4bd4f4d998862f09bdc2916fcc2ab","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":122426015,"type":1,"supId":0,"prevId":0,"content":"What pRice u enTer?","text":"What pRice u enTer?","html":"What pRice u enTer?"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":176,"commentSize":56,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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