
Jabil Inc. (JBL) reported its quarterly earnings with a revenue of $6.96 billion, a decrease of 17.66% year-over-year, but still beating expectations by $374 million. The company's earnings per share (EPS) were $2.30, down 6.12% year-over-year, yet surpassing estimates by $0.08. TD SYNNEX (SNX) also released its quarterly earnings, showing a revenue of $14.69 billion, a 5.19% increase year-over-year, beating expectations by $575 million. Its EPS of $2.86, up 2.88% year-over-year, exceeded estimates by $0.06. Concentrix (CNXC) reported quarterly revenue of $2.39 billion, a 46.17% increase year-over-year, beating expectations by $7 million, though its EPS of $2.87 missed by $0.06. BlackBerry (BB) reported second-quarter revenue of $145 million, surpassing estimates of $140 million, and broke even on adjusted EPS, previously at -$0.04. Despite this, BlackBerry posted a GAAP net loss of $19 million, which is a 55% improvement year-over-year. The company's IoT revenue was $55 million, up 12% year-over-year, and its cybersecurity revenue stood at $87 million. BlackBerry's cash reserves are reported at $265 million. The company provided guidance for its IoT revenue to be between $56 million and $60 million for the next quarter, and raised its full-year IoT revenue guidance range to $225 million to $235 million. BlackBerry reported a non-GAAP gross margin of 66%, had a 48% beat rate, and an implied move of +/-10.3%.
Blackberry falls 8% after sales missed expectations, even though it turned an unexpected profit Rayjay calls it a two steps forward, one step back quarter $BB https://t.co/rgpmy3qvrZ
$BB #BlackBerry Q2'25 Earnings Highlights: ๐น Adj EPS: Breakeven (previously -$0.04) ๐ข ๐น Revenue: $145 million (Est. $140M) ๐ข ๐น GAAP Net Loss: $19 million; improved by 55% YoY ๐น Non-GAAP Gross Margin: 66%
$BB Guidance: "For IoT, we expect revenue this quarter to increase sequentially and to be in the range of $56 million to $60 million. For the full year, we are raising the bottom end of our guidance range for IoT revenue, such that the range is now $225 million to $235 million.โฆ https://t.co/dVqG2RrF3a

