BlackBerry Ltd reports results for the quarter ended May 31 - Earnings Summary

• BlackBerry Ltd BB.TO reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended May 31, higher than the same quarter last year, when the company reported EPS of -3 cents. The mean expectation of five analysts for the quarter was for breakeven results per share. Wall Street expected results to range from zero cents to 1 cents per share.

• Revenue fell 15.5% to $121.70 million from a year ago; analysts expected $112.19 million.

• BlackBerry Ltd's reported EPS for the quarter was breakeven results​.

• The company reported quarterly net income of $1.9 million.

• BlackBerry Ltd shares had risen by 14.9% this quarter and gained 14.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 75% 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 "buy."

• Wall Street's median 12-month price target for BlackBerry Ltd is $4.50, about 3.8% above its last closing price of $4.33

This summary was machine generated from LSEG data June 25 at 09:01 a.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)