BlackBerry Ltd. BB shares declined in after-hours trading Thursday after the company released preliminary fourth-quarter numbers that came up short amid troubles closing cybersecurity-software deals. BlackBerry reported a year-over-year decline in revenue to $151 million from $185 million, while analysts on average were expecting $154.7 million, according to FactSet.
After adjusting for stock compensation and some large impairment benefits, the company reported an adjusted loss of 2 cents a share, down from adjusted earnings of a penny a share a year ago. Analysts on average were projecting an adjusted loss of 8 cents a share, according to FactSet.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »