BlackBerry Limited (BB)

[TechWhiz]

Good Job John and BB!!!

BlackBerry's stock surges after profit, revenue beat expectations

MarketWatch
Tomi Kilgore
MarketWatchMarch 29, 2019
Shares of BlackBerry Ltd. rallied 4.4% in premarket trade Friday, after the cyber-security company reported a fourth-quarter profit and revenue that beat expectations. The company swung to net income of $51 million, or 8 cents a share, in the quarter to Feb. 28, from a loss of $10 million, or 6 cents a share, in the same period a year ago. Excluding non-recurring items, adjusted EPS was 11 cents, above the FactSet consensus of 6 cents. Revenue rose to $255 million from $233 million, above the FactSet consensus of $241.1 million, as a 15% decline in enterprise software and services revenue to $92 million was offset by a 71% jump in licensing, IP and other revenue to $99 million and 20% growth in technology solutions revenue to $55 million. The company did not record any revenue for handheld devices, compared with $2 million a year ago. The stock has run up 24.9% year to date, while the S&P 500 has climbed 12.3%.

https://finance.yahoo.com/m/62bab9b8-8636-32f0-8cf3-939e5c4f56ea/blackberry%26apos%3Bs-stock.html