05:52 PM EDT, 06/26/2024 (MT Newswires) -- BlackBerry (BB) reported fiscal Q1 non-GAAP loss late Wednesday of $0.03 per share, compared with earnings of $0.06 a year earlier.

Analysts polled by Capital IQ expected a loss of $0.03.

Revenue for the quarter that ended May 31 was $144 million, down from $373 million a year earlier.

Analysts surveyed by Capital IQ expected $134.1 million.

For fiscal Q2, the company expects revenue ranging from $136 million to $144 million. Four analysts polled by Capital IQ expect $142.4 million.

For fiscal 2025, the company reaffirmed revenue guidance of $586 million to $616 million. Analysts are looking for $600.9 million.

Blackberry shares climbed more than 7% in recent after-hours activity.