BlackBerry reports Q3 non-GAAP EPS 2c, consensus 0c

Reports Q3 revenue $162M, consensus $143.04M. “BlackBerry (BB) achieved a significant inflection in its results this past quarter. Driven by a combination of strong revenue performance for both our Cybersecurity and IoT divisions, and continued focus on costs and efficiency, the Company delivered stronger than expected profitability and a return to positive cash flow ahead of schedule,” said John Giamatteo, CEO. “The announcement of a definitive agreement for the sale of Cylance to Arctic Wolf is a further transformational step for the Company, placing BlackBerry on a path to accelerating profitability post-close.”