December 20, 2024
BlackBerry stock surged Friday after the company reported an earnings beat in its fiscal third quarter even as it slashed its fiscal-year guidance. The gains came after the software company reported a third-quarter adjusted profit of 2 cents a share, beating analysts’ calls for an adjusted loss of 1 cent. Quarterly revenue of $143 million was mostly in line with the FactSet consensus estimate of $143.4 million. BlackBerry reported total revenue of $162 million for the quarter ended Nov. 30, including $19 million from its artificial intelligence-powered cybersecurity platform, Cylance.