BlackBerry Reports Q3 Earnings Beat

BlackBerry BB reported quarterly earnings of 2 cents per share on Thursday, which beat the analyst consensus estimate by 3 cents. This is a 33.33% decrease over earnings of 3 cents per share from the same period last year.

The company reported quarterly sales of $224 million, which beat the analyst consensus estimate of $219.72 million by 1.95%. This is a 20% decrease over sales of $280.00 million in the same period last year.

"This quarter we delivered exciting new technology releases, especially our AI-driven BlackBerry Cyber Suite,” said John Chen, executive chairman and CEO of BlackBerry.

BlackBerry shares were trading down 1.57% at $8.13 in Thursday’s after-hours session. The stock has a 52-week high of $9.69 and a 52-week low of $2.70.