04:57 AM EDT, 04/04/2024 (MT Newswires) -- (Updates with the stock move in the headline and the first paragraph.)

BlackBerry's (BB) shares were up 8.2% in premarket activity Thursday after the technology firm swung back into the black in fiscal Q4, surprising analysts who expected non-GAAP losses to widen.

The company reported fiscal Q4 non-GAAP earnings late Wednesday of $0.03 per diluted share, compared with a loss of $0.02 a year earlier.

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

Revenue for the quarter that ended Feb. 29 was $173 million, up from $151 million a year earlier.

Analysts surveyed by Capital IQ expected $153.2 million.

The company expects a fiscal Q1 non-GAAP loss of $0.04 to $0.06 per diluted share and a fiscal 2025 non-GAAP loss of $0.03 to $0.07 per diluted share. Analysts surveyed by Capital IQ expect a loss of $0.03 and $0.01, respectively.

The company expects revenue for the quarter of $130 million to $138 million and full-year sales of $586 million to $616 million. Analysts polled by Capital IQ expect $151.9 million and $651.2 million, respectively.

Price: 3.04, Change: +0.23, Percent Change: +8.18