Categories AlphaGraphs, Earnings, Technology

BB Earnings: A snapshot of BlackBerry’s Q3 2023 results

BlackBerry Limited (NYSE: BB) has reported a net loss for the third quarter of 2023 as the smartphone maker’s revenues declined amid faltering demand.

Total revenues decreased to $169 million in the third quarter from $184 million in the corresponding period of 2022. An increase in IoT revenues was more than offset by weakness in the other two operating segments.

Reflecting the weak top-line performance, the tech firm suffered a loss of $4 million or $0.09 per share during the three-month period, compared to a profit of $74 million in the prior-year quarter. Adjusted loss, on a per-share basis, was $0.05 per share, compared to breakeven last year.

Check this space to read management/analysts’ comments on BlackBerry’s Q3 2023 earnings

“In our Cybersecurity business, the rebuilding continues to gain momentum. In line with the path outlined last quarter, churn improved and there was further evidence that investments in go-to-market and the product portfolio will drive further sequential improvements and progress towards a return to ARR growth next fiscal year,” said John Chen, CEO of BlackBerry.

Prior Performance

  • BlackBerry Q2 2022 earnings infographic
  • Blackberry Q1 2023 earnings infographic
  • Expedia Q4 2021 earnings infographic


Stocks you may like:

Apple (AAPL) Stock

Microsoft (MSFT) Stock

Alphabet (GOOGL) Stock

International Business Machines Corp. (IBM) Stock


Most Popular

Mattel (MAT): A look at the toymaker’s expectations for the year

Shares of Mattel, Inc. (NASDAQ: MAT) were up slightly on Thursday. The stock has gained 20% year-to-date and 19% over the past three months. There is a level of optimism

Earnings Preview: Paychex likely to report higher Q1 revenue and profit

Paychex Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions, is all set to publish operating results for the first three months of fiscal 2024. The company has

DRI Earnings: Key quarterly highlights from Darden Restaurants’ Q1 2024 financial results

Darden Restaurants, Inc. (NYSE: DRI) reported first quarter 2024 earnings results today. Total sales increased 11.6% to $2.73 billion compared to the same period last year. Blended same-restaurant sales were

Add Comment
Viewing Highlight