Blackberry Limited (NYSE: BB) reported third-quarter 2021 financial results after the regular market hours on Thursday. The software company reported Q3 revenue of $218 million, down 18% year-over-year, but higher than the Wall Street projection. Meanwhile, net income of $0.02 per share was a cent lower than what analysts had anticipated.
The stock has gained 26% since the beginning of this year.
CEO John Chen said, “Our recently-announced multi-year, exclusive partnership with AWS to co-develop and co-market BlackBerry IVY, is both strategic and unique. This new platform will create a recurring-revenue business, bringing together BlackBerry’s extensive experience and footprint in embedded automotive with AWS’ unparalleled cloud reach, consumer experience and interface.”
Labor market conditions improved once again and jobless claims dropped to about 400,000 after rising last week, as economic activity picked up. Stocks rallied in the action-packed week and benchmark
In the first half of 2021, a record number of private companies entered stock markets in the US, marking a multifold increase from the same period of 2021. The IPO
Energy giant ExxonMobil Corporation (NYSE: XOM) reported a profit for the second quarter of 2021, compared to a loss last year, even as operating conditions continued to improve. The results