Categories AlphaGraphs, Earnings, Technology

BlackBerry (BB) stock gains after Q2 results beat view

BlackBerry Limited (NYSE: BB) reported profit for the second quarter of 2021, compared to breakeven last year. The better-than-expected outcome, aided by a 6% increase in revenues, drove up the company’s stock Thursday morning.

BlackBerry Q2 2021 Earnings Infographic

The tech firm reported adjusted earnings of $0.11 per share for the August-quarter, marking an improvedment from last year’s break-even earnings. The bottom-line benefitted from a 6% growth in revenues to $259 million. The results came in above analysts’ forecast.

On an unadjusted basis, the company reported a net loss of $23 million or $0.04 per share, compared to a loss of $44 million or $0.10 per share in the second quarter of 2020.


Looking forward to listening to management/analysts’ comments? Stay tuned here for Blackberry’s Q2 2021 earnings call transcript 


Blackberry’s stock made strong gains during Thursday’s pre-market session, soon after the announcement, after closing the previoius session lower.

Most Popular

GameStop (GME) Earnings: Q1 loss narrows on 25% sales growth

Video game retailer GameStop Corp. (NYSE: GME), which has become the talk of the town after the unprecedented stock rally in recent weeks, reported a narrower loss for the first

Should you invest in Steel Dynamics (STLD) stock after 78% rally?

The steel industry managed to shrug off the pandemic blues earlier than expected as the recovery in industrial activity pushed up demand. With the vaccination drive and the government’s aggressive

Campbell Soup (CPB) Q3 Earnings: Key financials and quarterly highlights

Campbell Soup Company (NYSE: CPB) reported third-quarter 2021 earnings results today. Net sales decreased 11% year-over-year to $1.98 billion, as a result of lapping the demand surge at the onset

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top