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BlackBerry stock dips after earnings show issues in cybersecurity business

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BlackBerry Ltd. shares declined in after-hours trading Thursday after the company released preliminary fourth-quarter numbers that came up short amid...

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.

 

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