BlackBerry Limited reports results for the quarter ended May 31 - Earnings Summary

• BlackBerry Limited BB.TO reported quarterly adjusted earnings of 4 cents​​ per share for the quarter ended May 31, higher than the same quarter last year, when the company reported EPS of 2 cents. The mean expectation of six analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from 2 cents to 5 cents per share.

• Revenue rose 18% to $152.90 million from a year ago; analysts expected $137.77 million.

• BlackBerry Limited's reported EPS for the quarter was 1 cent​.

• The company reported quarterly net income of $8.5 million.

• BlackBerry Limited shares had fallen by 33.8% this quarter and gained 121.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 5 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the software peer group is "buy."

• Wall Street's median 12-month price target for BlackBerry Limited is $9.50, about 8.1% above its last closing price of $8.73

This summary was machine generated from LSEG data September 24 at 09:24 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)