Published on 5 Apr 2024 on Zacks via Yahoo Finance

BlackBerry (BB) Q4 Earnings Beat Estimates, Revenues Up Y/Y

BlackBerry Limited BB reported fourth-quarter fiscal 2024 (ended Feb 29) adjusted earnings per share (EPS) of 3 cents. In the year-ago quarter, it incurred a non-GAAP loss of 2 cents. The Zacks Consensus Estimate was pegged at a loss of 3 cents.

Quarterly total revenues were $173 million compared with the prior-quarter revenues of $151 million. Revenues benefited from solid demand for its solution across the advanced driver assistance systems market.

The company expects fiscal first-quarter total revenues in the range of $130-$138 million. For the Cybersecurity business, revenues are estimated to be in the range of $78-$82 million for the fiscal first quarter. The company expects revenues to be affected due to the ongoing budget constraints by some of its leading government customers.