
BlackBerry Ltd. reported a mixed financial performance for its fiscal fourth quarter, marking a notable period for the company. The CEO highlighted a strong finish to the fiscal year, with the IoT division delivering its strongest ever quarter for revenue despite industry delays in automotive software development programs. The company's stock saw a +6.1% increase following the announcement. Financial specifics include a loss of $56 million for the quarter, alongside earnings per share (EPS) of -$0.10 and an adjusted EPS of $0.03. Revenue reached $173 million, attributed to sales growth in both the IoT and cybersecurity businesses. This performance led to BlackBerry swinging to a surprise profit, as per the company's latest financial disclosures.
BlackBerry reported a US$56 million loss in its latest quarter, but saw its revenue hit US$173 million. READ MORE: https://t.co/fhYjzAGEU5 https://t.co/fhYjzAGEU5
BlackBerry sees revenue hit US$173M, but reports Q4 loss https://t.co/96Gt7m8ozR https://t.co/1k9ygzVFQC
BlackBerry reports US$56-million loss in Q4, revenue hits US$173-million https://t.co/YqhMoevJz8
