BlackBerry revenue: BB refill 5% After Beating EPS ...

© supply: Michael Vi / Shutterstock.com BlackBerry income: BB stock up four% After Beating EPS Estimates for this autumn

BlackBerry (NYSE:BB) revenue for fiscal fourth quarter of 2020 have BB stock heading higher after-hours Tuesday. That comes after reporting adjusted earnings per share (EPS) of 9 cents. here's more advantageous than Wall highway's estimate of four cents per share. although, the tech enterprise's income of $282 million is under analysts' estimates of $296.3 million.

© provided through InvestorPlace BlackBerry income: BB refill four% After Beating EPS Estimates for this autumn

right here's what else is worth noting from the most recent BlackBerry income record.

Adjusted per-share salary are down 18.18% from 11 cents in the fiscal fourth quarter of 2019.

income for the quarter is available in 10.fifty nine% larger than the $255 million from the equal time closing yr.

working lack of $forty one million is a swap yr-over-year from its operating revenue of $28 million.

The BlackBerry revenue record also contains a web lack of $forty one million.

That's worse off than the business's net profits of $51 million from the equal period of the year prior.

John Chen, executive Chairman and CEO of BlackBerry, said the following in regards to the BB inventory salary record.

"In fiscal 2020, we delivered $1.1 billion in non-GAAP earnings and $0.13 of non-GAAP profits per share, launched over 30 new products and made mighty development on establishing BlackBerry's zero-trust architecture as a part of the Spark platform. here is standard for the relaxed IoT market."

The BlackBerry revenue report notes that a assistance replace will are available its convention demand the existing quarter. This call is set to take location at 5:00 p.m. japanese Time nowadays. any one can hear in to the name through dialing in or by way of a webcast on the enterprise's site.

BB stock changed into up 5.08% after markets closed on Tuesday. The stock additionally closed out the day up 5.63%.

As of this writing, William White did not hold a position in any of the aforementioned securities.