Investing.com - Financial Markets Worldwide
⚠ Q3 Earnings Alert: These are the most overvalued right nowSee Overvalued Stocks

BlackBerry shares fall on cybersecurity segment concerns as quarterly earnings top expectations

Published 2022-12-21, 11:49 a/m
© Reuters. BlackBerry shares fall on cybersecurity segment concerns as quarterly earnings top expectations
BB
-

BlackBerry (TSX:BB) Limited shares have fallen 8% despite the company posting a revenue and earnings beat in its latest quarterly earnings as investor focus turned to concerns over its future in the cybersecurity sector.

For the three months ended November 30, BlackBerry reported revenue of US$169 million, down from US$184 million in the same quarter last year.

This included Internet-of-Things (IoT) revenue of US$51 million and cybersecurity revenue of US$106 million, compared to IoT revenue of US$43 million and cybersecurity revenue of US$128 million in the year-ago quarter.

The company posted a non-GAAP basic loss per share of US$0.05 compared to a basic GAAP profit per share of US$0.13 and diluted GAAP loss per share of US$0.05 per share for the same period last year.

Analysts had been expecting revenue of US$164 million and a loss per share of US$0.08.

BlackBerry shares were down 8% shortly before noon on Wednesday, trading at about US$3.82 per share.

Read more on Proactive Investors CA

Disclaimer

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.