- The stock price of BlackBerry Ltd (NYSE: BB) is trading at over 5% this past week. This is why it happened.
The stock price of BlackBerry Ltd (NYSE: BB) is trading at over 5% this past week. Investors responded positively to the company’s second-quarter results.
The results came ahead of analyst expectations. For the quarter ended August 31, BlackBerry reported a net loss of $144 million ($0.25 per share) from $23 million ($0.04 per share) in the same period a year earlier.
And BlackBerry reported an adjusted loss of $0.06 per share — which was above analyst expectations. Revenue dropped to $223 million from $357 million a year earlier. But this was also about $20 million more than analyst expectations, according to The Street.
Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.
