BlackBerry Ltd BB reported second-quarterly sales of $261 million, which missed the analyst consensus estimate of $265.7 million by 1.77%. This is a 21.96% increase over sales of $214 million the same period last year.
BlackBerry's breakeven EPS beat the estimate by a penny.
The company reported second-quarter recurring non-GAAP software and services revenue (excluding IP licensing and professional services) was over 90%.
"In the quarter, our QNX, Cylance and Licensing businesses executed at or better than our expectations. We achieved break-even non-GAAP earnings per share and generated free cash flow even with increased investments in sales and product development to support future growth," said John Chen, CEO of BlackBerry.
BlackBerry shares traded down 9.4% at $6.80 in Tuesday's pre-market session. The stock has a 52-week high of $12 and a 52-week low of $6.57 per share.
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