The Waterloo, Ont.-based software company said it expects to break even on its adjusted earnings per share in the first quarter, based on projected revenue of between US$107 million to US$115 million. (The Logic)
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The Waterloo, Ont.-based software company said it expects to break even on its adjusted earnings per share in the first quarter, based on projected revenue of between US$107 million to US$115 million. (The Logic)
Talking point: That revenue forecast is below the US$125.1 million expected by analysts, according to FactSet estimates compiled by MarketWatch. The company has been restructuring after selling its key cybersecurity business, Cylance, and had to resolve a contract dispute that previously caused a bad-debt expense. BlackBerry closed deals with several U.S. government departments, executives said, despite the spending cuts being enacted by Tesla CEO Elon Musk’s Department of Government Efficiency. Meanwhile, auto companies are still navigating the potential impact of tariffs on the industry, CEO John Giamatteo said, and BlackBerry has broadened its range of its outlook to account for uncertainty.
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