BlackBerry Ltd reports results for the quarter ended February 28 - Earnings Summary

• BlackBerry Ltd BB.TO reported quarterly adjusted earnings of 3 cents​​ per share for the quarter ended February 28, identical to the same quarter last year. The mean expectation of five analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from zero cents to 2 cents per share.

• Revenue fell 18.1% to $141.70 million from a year ago; analysts expected $132.83 million.

• BlackBerry Ltd's reported EPS for the quarter was a loss of 1 cent​.

• The company reported a quarterly loss of $7.4 million.

• BlackBerry Ltd shares had fallen by 1.1% this quarter and lost 1.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.3% 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," 4 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the software peer group is also "hold"

• Wall Street's median 12-month price target for BlackBerry Ltd is $4.38

This summary was machine generated from LSEG data April 2 at 12:35 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)