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BlackBerry (BB) Tops Q3 EPS by 3c, Revs Beat; Maintains Outlook

December 20, 2017 7:03 AM

BlackBerry (NYSE: BB) reported Q3 EPS of $0.03, versus the consensus of $0.00. Revenue for the quarter came in at $235 million versus the consensus estimate of $215.42 million.

"Our momentum continues, with the delivery of a strong third quarter; I am very pleased with our results. Our progress, in both our financial and strategic objectives, is notable," said John Chen, Executive Chairman and CEO, BlackBerry. "We achieved records in software and services revenue and total company gross margin; breaking the records we set last quarter. We expanded our position in key verticals and geographies, with many new partners and highly competitive customer wins."

"Our strategy is working and our execution is yielding results," said Chen. "We are a market leader in secure endpoint management and embedded software. The validation we have received, from partners, customers and industry experts around the world, speaks for itself."

"BlackBerry's market opportunity is significant and, based on our progress so far in FY18, I am pleased with our near-term outlook and longer-term potential."

Maintaining guidance for the full year fiscal 2018:

For earnings history and earnings-related data on BlackBerry (BB) click here.

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