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BlackBerry: Fiscal 1Q Earnings Snapshot

June 26, 2019

WATERLOO, Ontario (AP) _ BlackBerry Ltd. (BB) on Wednesday reported a loss of $35 million in its fiscal first quarter.

The Waterloo, Ontario-based company said it had a loss of 9 cents per share. Earnings, adjusted for one-time gains and costs, were 1 cent per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 1 cent per share.

The cybersecurity software and services company posted revenue of $247 million in the period. Its adjusted revenue was $267 million.

BlackBerry shares have increased 17% since the beginning of the year. The stock has dropped 17% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BB at https://www.zacks.com/ap/BB

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