BlackBerry Reports Improved EPS and Revenue Growth in Q2

The report outlines BlackBerry's Q2 earnings, showing a reduction in losses compared to last year. Despite a loss in EPS, revenue increased, and guidance for the next quarter appears optimistic, influencing potential investor sentiment positively.

Date: 27-09-2024

AI Rating: 6

According to the report, BlackBerry (BB) demonstrated noteworthy improvements in its earnings performance for Q2. The key highlights include:

Earnings: BlackBerry reported a loss of -$19 million for Q2, which is an improvement from the -$42 million loss in the same period last year.
EPS: The earnings per share (EPS) was -$0.03, compared to -$0.07 in the same period last year. Notably, adjusted earnings stood at -$2 million, resulting in an adjusted EPS of $0.00.
Revenue Growth: Revenue for the quarter reached $145 million, an increase from $132 million year-over-year, indicating positive revenue growth.

The guidance provided by BlackBerry is also noteworthy. For the next quarter, the company estimates EPS to range from -$0.01 to +$0.01 and revenue between $146 million and $154 million. For the full year, EPS guidance is set at -$0.05 to -$0.02, while revenue expectations range from $591 million to $616 million.

Overall, the information provided in the report suggests a slight positive trend for BlackBerry’s financial outlook as they are showing improvements in both earnings and revenue, which could help bolster investor confidence moving forward.

Stocks: BB