Investing.com - BlackBerry reported third quarter earnings that beat analysts' expectations on Friday and revenue that topped forecasts.
The firm reported earnings per share of C$0.04 on revenue of C$367.61M. Analysts polled by Investing.com expected EPS of C$0.02 on revenue of C$366.47M. That compared to EPS of C$0.07 on revenue of C$307.65M in the same period a year earlier. The company had reported EPS of C$0.00 on revenue of C$346.13M in the previous quarter.
BlackBerry shares gained 10.88% to trade at C$8.46 in intra-day trade following the report.
For the year, BlackBerry shares are down 12.87%, under-performing the S&P/TSX which is up 21.03% year to date.
BlackBerry follows other major Technology sector earnings this month
On Wednesday, December 4, 2019, Descartes Systems reported third quarter EPS of C$0.15 on revenue of C$109.47M, compared to forecasts of EPS of C$0.15 on revenue of C$110M.
Enghouse Systems earnings beat analyst's expectations on Thursday, December 12, 2019, with fourth quarter EPS of C$0.45 on revenue of C$109.33M. Investing.com analysts expected EPS of C$0.33 on revenue of C$108.45M
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