BlackBerry Stock Jumps 20% on Earnings Beat Ahead of Sale of AI Cybersecurity Platform

BlackBerry Stock Jumps 20% on Earnings Beat Ahead of Sale of AI Cybersecurity Platform·Barrons.com

BlackBerry stock surged Friday after the company reported an earnings beat in its fiscal third quarter even as it slashed its fiscal-year guidance. Shares of BlackBerry jumped 2o% to $3.59, snapping a two-day losing streak and putting the stock on track for its highest close since May 14, according to Dow Jones Market Data. The gains came after the software company reported a third-quarter adjusted profit of 2 cents a share, beating analysts’ calls for an adjusted loss of 1 cent. Quarterly revenue of $143 million was mostly in line with the FactSet consensus estimate of $143.4 million.

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