BlackBerry Q3 results beat estimates, shares surge

John Chen chief executive officer of Black Berry

Revenue was down from $289 million a year ago, reflecting an ongoing decline in BlackBerry's legacy hardware business as it focuses on software and services for enterprise and government clients.

Shares of BlackBerry Ltd. ran up 7.6% in premarket trade Wednesday, after the cybersecurity software company reported a surprise fiscal third-quarter adjusted profit and sales that beat expectations. Excluding non-recurring items, the company reported adjusted earnings per share of 3 cents, compared with the FactSet consensus of breakeven.

The Waterloo, Ont. -based technology company, which reports in US dollars, says the net loss included $149 million in expenses after BlackBerry lost an arbitration of a dispute with Nokia. A jump in that category had provided an unexpected boost to company earnings in the second quarter. Analysts had been expecting the company to break even on $212.2 million in revenue. Consensus for software and services revenue stood at around $187 million.

Gov. Scott: Sen. Jack Latvala should step down over sexual misconduct allegations
Now, the Senate Rules Committee will convene January 11 to consider what penalty, including expulsion, to mete out. The former federal judge who conducted the investigation for the Senate recommended Latvala be sanctioned.

Six seats in Gujarat decided by less than 1000 votes
Similarly in Godhara constituency of Panchmahal District winning margin was only 258 votes while 3050 NOTA votes were counted. In Himachal Assembly Elections, NOTA has secured the highest number of votes i.e. 1162 votes in Jogindernagar constituency.

Palestinians riot in the West Bank over Trump Jerusalem move
Egypt had put forward the draft at the council which was backed by all 14 other Security Council members in the vote on Monday. Haley echoed the message in a tweet late Tuesday, saying, "the U.S. will be taking names " during the Thursday vote.

"We had a very strong quarter and I'm very pleased with our results", Chen said on a conference call with analysts. BlackBerry's gross margin also hit a new record high at 77% on a non-GAAP basis and 74% on a GAAP basis.

"Our strategy is working and our execution is yielding results", Chen said in a statement. We expanded our position in key verticals and geographies, with many new partners and highly competitive customer wins.

BlackBerry shares have increased 58 percent since the beginning of the year.

Related News:

  • Giants acquire Longoria from Rays

    Giants acquire Longoria from Rays

    Arroyo hit.192/.244/.304 in 34 games at the Major League Baseball level with three home runs and 14 RBI. Now that the Rays have parted ways with a franchise icon, it could open the floodgates.
    Sandra Bullock Plans A Heist In OCEAN'S 8 Teaser Trailer

    Sandra Bullock Plans A Heist In OCEAN'S 8 Teaser Trailer

    Thus, a continuation with Ocean's 8 sounds perfectly marvelous. " Sandra Bullock and Cate Blanchett star in the 'Ocean's " sequel. However, as we can see, the would-be robbers are locked in a tense moment, doing anything but blending in to their surroundings.

    Enterprise Products Partners LP (EPD) Shares Bought by Waters Parkerson & CO. LLC

    Northstar Investment Limited Liability Com has invested 1.21% of its portfolio in Enterprise Products Partners L.P. (NYSE: EPD ). The stock of Enterprise Products Partners L.P. (NYSE: EPD ) earned "Outperform" rating by Credit Suisse on Monday, September 19.
  • 'Pokemon Go's new AR+ mode will make wild encounters even more realistic

    'Pokemon Go's new AR+ mode will make wild encounters even more realistic

    Next up, AR+ is going to introduce the Awareness Meter for the Pokemon, in the form of an exclamation mark in a speech bubble. This means that you'll be able to approach a Pokemon up close, and get a better idea of their actual size.
    In wake of airport power loss, long lines remain

    In wake of airport power loss, long lines remain

    Passengers were forced to sit on planes for several hours before they could be disembarked back into the airport. Crews restored power just before midnight on Sunday, approximately 11 hours after it went out.
    Red Hat tops Street 3Q forecasts

    Red Hat tops Street 3Q forecasts

    The company was maintained on Tuesday, September 26 by KeyBanc Capital Markets. (NYSE: RHT ) rating on Friday, December 18. Zacks downgraded Red Hat, Inc . (NYSE: RHT ) earned "Buy" rating by Drexel Hamilton on Friday, October 9.
  • Magic Leap finally reveals its AR goggles, coming in 2018

    Magic Leap finally reveals its AR goggles, coming in 2018

    This works in conjunction with the myriad sensors - which are still something of a mystery - located on the Lightwear goggles. Stay tuned, because there's hopefully plenty more about the Magic Leap One coming up shortly.
    Facebook use of third-party apps 'violates data protection principles'

    Facebook use of third-party apps 'violates data protection principles'

    The cartel office said it considers Facebook's data collecting practices outside the social network to be "problematic". German investigators will now turn over the findings to Facebook to give it the chance to respond.
    National Signing Day 2018: Five-Star DE Micah Parsons Commits to Penn State

    National Signing Day 2018: Five-Star DE Micah Parsons Commits to Penn State

    The Lions' new freshman class includes one Philadelphia area player, linebacker Nick Tarburton of Pennridge High School. Parsons and a few other top recruits who took in the loss to the Sooners called for quarterback J.T.
  • 'Starwars' Makes it to the List of 2017's Worst Passwords

    'Starwars' Makes it to the List of 2017's Worst Passwords

    Users can improve password security by finding a series of letters, numbers and symbols that are complex but memorable. SplashData each year compiles a list of the most commonly used bad passwords scraped from stolen credentials.
    First Church of Christ in Longmeadow to hold 3 Christmas Eve services

    First Church of Christ in Longmeadow to hold 3 Christmas Eve services

    Christ Church Parish, Redding's Episcopal Congregation, will be holding several Christmas-related events in the coming weeks. The church is located at 505 Cayuga St., with parking available in front of and behind the building.
    Wait. Did Liam And Noel Gallagher Just Patch Things Up?

    Wait. Did Liam And Noel Gallagher Just Patch Things Up?

    Liam and Noel Gallagher appear to have reached a truce and buried the hatchet, the younger Oasis brother has revealed online . But if those detonated Gallagher bridges are truly mended, it's a Christmas miracle .


Most liked

PUBG's leaderboards will be reset tonight ready for 1.0
Assuming you can stick it out and find something else to occupy your time this evening, the wait should be well worth it. After spending nine months in early access, the big day for PlayerUnknown's Battlegrounds has finally arrived.

White House 'Temporarily' Suspends We The People Petition Tool
Summarily ignored since Donald Trump took office, its a wonder anyone in the current administration is expending the effort to turn off the lights.

Pakistan Issues Visa To Kulbhushan Jadhav's Wife, Mother
Pakistan has said that it would take care of all the security arrangements for Jadhav's mother and sister during their visit. On last Thursday, Pakistan directed its high commission in New Delhi to issue visas to Jadhav's wife and mother.

Super Mario Odyssey sells over a million copies in Japan
The reference period is that of the weekend between Friday, March 3, 2017, the official release date, and the following Sunday. This list of impressive exclusive titles gives the Nintendo Switch a well-deserved edge over the competitors.

Claude Puel hails Manchester City as the best side in Europe
Perez, meanwhile, is monitoring the situation and assured De Bruyne's camp they're prepared to better City's current offer. For a start, they need to win trophies - plural - and over a sustained period of time .

Amazon Prime Video is the most downloaded Apple TV App
Prime Video brings the number of TV episodes and movies that Siri can search on Apple TV to 1.3 million. Amazon previously stopped selling devices that did not offer its users the ability to use Prime Video.

U.S. urges Pakistan to demonstrate responsible stewardship of nuclear assets
"We will deepen our strategic partnership with India and support its leadership role in Indian Ocean security and throughout the broader region".

Cuphead appears on App Store for iPhone & iPad
Now, the popular side-scrolling game, Cuphead , is the latest victim of a fake scam on Apple's App Store. Even more intriguingly, these fake websites advertise that the games would soon launch on iOS.

CD Projekt Red Releases Enhanced Graphics Patch for XBox One X
In 4K mode the game will render at 4K resolution with enhanced shadows, ambient occlusion and higher resolution textures. Xbox Backwards Compatibility means that Marlow Briggs and the Mask of Death can also be played on Xbox One.

Angry parents pull kids from class over Ivanka Trump school visit
In a Monday post on Facebook, Trump wrote , "Great visit to Norwalk Early College Academy today with IBM CEO Ginni Rometty ". While she enjoyed the visit, in the wake of it, parents are upset they weren't informed of her appearance ahead of time.

Kaepernick wants in on Diddy's effort to buy the Panthers
At 81, Richardson has controlled the team for almost a quarter-century, having bought the franchise when it was created in 1993. As he raps: "My repertoire is ménage à trois and exotic cars". "We'll let it take its course, let it go through the process".

Man charged over alleged racist attack on Raheem Sterling
Karl Anderson, 29, was sentenced to 16 weeks in jail after he pleaded guilty to racially aggravated common assault. At that point, Anderson began shouting racial abuse at Sterling, according to Carl Miles, prosecuting.

Call Me, Maybe? Elon Musk Tweets Personal Phone Number
Musk quickly deleted the tweet, but not in time to stop some of his 16.7 million followers from noticing and sharing the message. Elon Musk, who is now the top candidate for #1 privately-funded supervillain, is well known for lots of reasons.

Bodycam video shows officer dragged by vehicle
When he tapped on the window, the driver, identified as Thomas Cabrera, 38, woke up and put the vehicle into gear. The suspect, Thomas Cabrera, 38, later admitted he was using heroin and cocaine that day, officials said.

Steelers RB James Conner reportedly needs knee surgery, postseason in doubt
He is now officially a Steeler and will look to return to the field as soon as possible in order to help out his current team. Get daily prep sports headlines from the Gwinnett Daily Post staff delivered to your email.