BlackBerry (TSE:BB) Announces Earnings Results

Key Points

• BlackBerry reported a quarterly earnings per share (EPS) of C$0.02, surpassing the consensus estimate of C$0.01.
• The company has a negative net margin of 21.16% and a negative return on equity of 17.21%.
• Once a leading smartphone manufacturer, BlackBerry has transitioned to focus on providing software solutions for secure communications in various regulated industries.

BlackBerry (TSE:BB - Get Free Report) NASDAQ: BBRY announced its quarterly earnings data on Thursday. The company reported C$0.02 EPS for the quarter, beating the consensus estimate of C$0.01 by C$0.01, RTT News reports. BlackBerry had a negative net margin of 21.16% and a negative return on equity of 17.21%.

BlackBerry Trading Up 0.7%

BlackBerry stock opened at C$5.93 on Thursday. The firm's 50 day moving average price is C$5.29 and its 200-day moving average price is C$5.38. BlackBerry has a 1 year low of C$3.07 and a 1 year high of C$8.86. The stock has a market cap of C$3.53 billion, a P/E ratio of -98.83, a PEG ratio of 0.06 and a beta of 0.94. The company has a debt-to-equity ratio of 30.90, a current ratio of 1.37 and a quick ratio of 1.49.

BlackBerry Company Profile

BlackBerry, once known for being the world's largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.

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