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BlackBerry (BBRY) Reports Narrower Than Expected Q3 Loss

BlackBerry LimitedBBRY designs, manufactures, and sells wireless solutions to the mobile communications market. Through the development and integration of hardware, software, and services, BlackBerry provides solutions for seamless access to time-sensitive information, including e-mail, messaging, as well as Internet and Intranet-based applications.

Recently, BlackBerry launched its much-awaited Android-based handset PRIV. The device has already witnessed significant market response and is expected to mitigate losses at the company's smartphone business.

Lately, BlackBerry is exploring several business options by acquiring many companies which will likely help BlackBerry offset escalating losses in its smartphone business. BlackBerry's BES12 platform is increasingly gaining traction.

Currently, BlackBerry has a Zacks Rank #3 (Hold), but that could definitely change following BlackBerry's earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: BlackBerry Limited reported loss of 6 cents per share which is narrower than the Zacks Consensus Estimate of a loss of 20 cents per share.

Revenue: BlackBerry Limited reported revenues of $548 million. This surpassed our consensus estimate of $485 million.

Key Stats to Note: Total software licensing revenue improved 183% year over year. The company also won 2,713 enterprise clients in the reported quarter.

Stock Price: BlackBerry shares were up 8.33% at the time of writing. Clearly, the initial reaction to the release is positive.

Check back later for our full write up on this BlackBerry earnings report later!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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