BlackBerry Stock Surges on Earnings Beat Ahead of Sale of AI Cybersecurity Platform

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.

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