BlackBerry Q4 Earnings: Secure Communications And Licensing Segments Drive Impressive Performance, Stock Slides On Dismal Guidance

BlackBerry Ltd (NYSE:BB) reported fourth-quarter financial results on Wednesday. Here’s a look at the key metrics from the quarter.

Q4 Earnings: BlackBerry reported fourth-quarter revenue of $141.70 million, which topped the analyst consensus estimate of $132.83 million.

The company reported fourth-quarter adjusted earnings of $0.03, beating the analyst consensus estimate of $0.01.

Also Read: BlackBerry Growth Hinge On IoT, Secure Communications Despite Valuation Concerns: Analyst

QNX revenue (formerly “IoT”) growth was flat year over year, exceeding the guidance range at $65.8 million. The segment gross margin decreased by 200 bps to 83%.

Secure Communications (formerly “Cybersecurity”) revenue exceeded previously provided guidance at ...

https://www.benzinga.com/news/earnings/25/04/44606004/blackberry-q4-earnings-secure-communications-and-licensing-segments-drive-impressive-performance-st