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Old 12-20-2018, 08:42 AM   #1
NorFoster
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Default BlackBerry surpass Q3 expectations; Transformation to software-based paying off

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Results and Infographic

The phone maker-turned-service provider reported third-quarter results that surpassed analystsí expectations. Revenue was flat compared to the year-over period at $226 million, but higher than $212.58 million expected by analysts. Adjusted earnings of 5 cents per share was above analystsí prediction of 2 cents per share.

The Waterloo, Canada-based company is depending heavily on mobile security and enterprise software, which form a major part of its new area of operation. BlackBerry is also venturing into the emerging fields of the internet of things (IoT) and autonomous driving, both of which holds a lot of potential.
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