Skip to content
Subscriber Only
Technology
Cybersecurity

BlackBerry Beats Sales Estimates as Software Push Pays Off

Blackberry Ltd. Launches New Flagship Device Ahead Of Mobile World Congress
Photographer: Chris Ratcliffe/Bloomberg
Updated on

BlackBerry Ltd. reported quarterly sales that beat analysts’ forecasts, extending a run of positive surprises on that metric to six quarters and signaling its reinvention as a software company is taking hold.

The company swung to a profit of $59 million in the quarter ended Nov. 30 from a loss of $275 million a year earlier. On an adjusted basis, the company said it earned 5 cents a share, beating the average analyst estimate of 2 cents. Adjusted revenue in the third quarter was $228 million, compared with the average analyst projection of $215.7 million.