BlackBerry Ltd reports results for the quarter ended August 31 - Earnings Summary

• BlackBerry Ltd BB reported quarterly adjusted earnings of 4 cents​​ per share for the quarter ended August 31, higher than the same quarter last year, when the company reported breakeven earnings per share. The mean expectation of five analysts for the quarter was for earnings of one cent per share. Wall Street expected results to range from 1 cents to 2 cents per share.

• Revenue fell 10.6% to $129.60 million from a year ago; analysts expected $122.06 million.

• BlackBerry Ltd's reported EPS for the quarter was 2 cents​.

• The company reported quarterly net income of $13.3 million.

• BlackBerry Ltd shares had fallen by 6.8% this quarter and gained 13.0% 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 1 "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 Ltd is $4.68, about 8.7% above its last closing price of $4.27

This summary was machine generated from LSEG data September 25 at 08:45 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)