BlackBerry: Fiscal 1Q Earnings Snapshot
Posted June 24, 2020 5:17 pm.
Last Updated June 24, 2020 5:24 pm.
WATERLOO, Ontario (AP) _ BlackBerry Ltd. (BB) on Wednesday reported a loss of $636 million in its fiscal first quarter.
On a per-share basis, the Waterloo, Ontario-based company said it had a loss of $1.14. Earnings, adjusted for asset impairment costs and amortization costs, were 2 cents per share.
The cybersecurity software and services company posted revenue of $206 million in the period. Its adjusted revenue was $214 million.
In the final minutes of trading on Wednesday, the company’s shares hit $4.92. A year ago, they were trading at $8.47.
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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
The Associated Press
