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BlackBerry Up Nearly 8% In US After Hours After Swinging To Surprise Q4 Profit
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BlackBerry Up Nearly 8% In US After Hours After Swinging To Surprise Q4 Profit
Apr 3, 2024 2:35 PM

05:26 PM EDT, 04/03/2024 (MT Newswires) -- BlackBerry Limited ( BB ) (BB.TO, BB), which provides intelligent security software and services to enterprises and governments around the world, was at last look up 7.5% in after-hours New York trading on Wednesday as it reported Q4 EPS normalized of US$0.03 versus a forecast loss of $0.03 as per Capital IQ and last year's loss of $0.02.

It reported Q4 EPS GAAP basic loss per share of US$0.10 versus a forecast loss of $0.05 and last year's loss of $0.85.

And it posted Q4 total company revenues of US$173 Million versus a forecast $153.22 million and last year's $151 million.

On outlook, BlackBerry is providing the following guidance for the first quarter (ending May 31, 2024) and the full fiscal year 2025 (ending February 28, 2025). It flaged total BlackBerry revenue for Q1 FY25 of US$130-$138 million and FY25 of $586-$616 million, and flagged Non-GAAP basic EPS for Q1 FY25 of ($0.04) to ($0.06) and for FY25 of ($0.03) to ($0.07)

The company's shares were last seen up US$0.21 to US$3.02 after hours. They closed down C$0.01 to C$3.81 on the Toronto Stock Exchange.

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