BlackBerry first-quarter revenue beats expectations, shares rise

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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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Comment（56）

Apolonio
·2021-06-26
cool
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skyteoh83
·2021-06-26
Take care, not looking good
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arcana1975
·2021-06-25
Earnings beat and ner loss fell by 90%!! Yet stock press falls. Either investors are idiots or the shorts are trying hard, very hard.
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RYong
·2021-06-25
Beats expectations but still sinks more than 5% ?
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SureWinkiat
·2021-06-25
Who is the one keep selling.
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2
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- AngieAbcde:
  Haha
  2021-06-25
  Reply
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sproink
·2021-06-25
Just bought MORE
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2
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- AngieAbcde:
  Not bad:)
  2021-06-30
  Reply
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- sproink:
  12.2 and 13,avg 12.5
  2021-06-30
  Reply
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- AngieAbcde:
  What pRice u enTer?
  2021-06-25
  Reply
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Jaren7
·2021-06-25
Why price drop.badly
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- Fishark:
  ya same thoughts ):
  2021-06-25
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moondream
·2021-06-25
Nice
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1
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Heroyeo
·2021-06-25
Nice
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5
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mmz1972
·2021-06-25
Up to the moon
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5
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Liha
·2021-06-25
I need T
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4
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JJQ
·2021-06-25
BB ??? up up and away!
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3
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GuoHao72
·2021-06-25
To the moon?
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6
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GuoHao72
·2021-06-25
NoOOoO
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2
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Juneriq
·2021-06-25
Please like and comment pls...bless u
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- JJQ:
  Done!
  2021-06-25
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Benlaps
·2021-06-25
Surprise
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2
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KT3
·2021-06-25
To the moon
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1
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Chris68
·2021-06-25
Buy more at the dip
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- JoshuaYeo:
  .
  2021-06-25
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Irene104
·2021-06-25
Please like & comment. Thanks.
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- Huathk:
  Gd
  2021-10-19
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- Irene104:
  Thanks
  2021-10-19
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- Ak91:
  Comment bacK ple
  2021-06-25
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may_bb
·2021-06-25
Up up please
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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,"authorIdStr":"3581681008250852","idStr":"3581681008250852"},"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":2,"crmLevelSwitch":1,"authorIdStr":"3571223399413434","idStr":"3571223399413434"},"htmlText":"Who is the one keep selling.","listText":"Who is the one keep selling.","text":"Who is the one keep 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"}],"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,"authorIdStr":"3570485805369960","idStr":"3570485805369960"},"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,"idStr":"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,"idStr":"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,"idStr":"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"},{"id":122431157,"gmtCreate":1624629610479,"gmtModify":1703842204491,"author":{"id":"3555885361382581","authorId":"3555885361382581","name":"Jaren7","avatar":"https://static.tigerbbs.com/d23816f2cfbd8c8440b0f51a1e61414d","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3555885361382581","idStr":"3555885361382581"},"htmlText":"Why price drop.badly","listText":"Why price drop.badly","text":"Why price drop.badly","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/122431157","repostId":2146256160,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5016288,"gmtCreate":1624633102360,"gmtModify":1635246534806,"authorId":3555995243932378,"author":{"id":3555995243932378,"idStr":"3555995243932378","authorId":3555995243932378,"name":"Fishark","avatar":"https://community-static.tradeup.com/news/7e81706bdea5d6e67bd7db8a09640fe0","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":122431157,"type":1,"supId":0,"prevId":0,"content":"ya same thoughts ):","text":"ya same thoughts ):","html":"ya same thoughts ):"}],"langContent":"EN"},{"id":122866284,"gmtCreate":1624611379248,"gmtModify":1703841686200,"author":{"id":"3582796025605226","authorId":"3582796025605226","name":"moondream","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3582796025605226","idStr":"3582796025605226"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122866284","repostId":2146256160,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":122883522,"gmtCreate":1624610583866,"gmtModify":1703841666537,"author":{"id":"3575698086814977","authorId":"3575698086814977","name":"Heroyeo","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3575698086814977","idStr":"3575698086814977"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122883522","repostId":2146256160,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":122816747,"gmtCreate":1624610234489,"gmtModify":1703841657130,"author":{"id":"3585132893701538","authorId":"3585132893701538","name":"mmz1972","avatar":"https://static.tigerbbs.com/0198514eebb5b2f89fc144eee3a375d1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3585132893701538","idStr":"3585132893701538"},"htmlText":"Up 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