BlackBerry (NYSE:BB – Get Free Report) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $(0.04)-$(0.02) for the period, compared to the consensus earnings per share estimate of ($0.03). The company issued revenue guidance of $136-144 million, compared to the consensus revenue estimate of $140.13 million. BlackBerry also updated its FY 2025 guidance to -0.070–0.030 EPS.
BlackBerry Trading Up 1.8 %
Shares of BB stock opened at $2.50 on Friday. BlackBerry has a 1 year low of $2.20 and a 1 year high of $5.75. The firm’s fifty day simple moving average is $2.76 and its 200 day simple moving average is $2.96. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.25.
BlackBerry (NYSE:BB – Get Free Report) last posted its earnings results on Wednesday, June 26th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.01. BlackBerry had a negative net margin of 25.80% and a negative return on equity of 6.30%. The business had revenue of $144.00 million for the quarter, compared to analyst estimates of $132.05 million. During the same quarter in the prior year, the firm earned $0.04 EPS. The firm’s quarterly revenue was down 61.4% compared to the same quarter last year. Analysts expect that BlackBerry will post -0.09 earnings per share for the current fiscal year.
Analyst Ratings Changes
Read Our Latest Analysis on BlackBerry
About BlackBerry
BlackBerry Limited provides intelligent security software and services to enterprises and governments worldwide. The company operates through three segments: Cybersecurity, IoT, and Licensing and Other. The company offers CylanceENDPOINT, an integrated endpoint security solution; CylanceGUARD, a managed detection and response solution; CylanceEDGE, an AI-powered continuous authentication zero trust network access solution; CylanceINTELLIGENCE, a contextual cyber threat intelligence service; BlackBerry Dynamics offers a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice and video; BlackBerry SecuSUITE is a certified, multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions.
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