BlackBerry Beats Q4 Estimates but Forecast Misses, Shares Drop
April 2 - BlackBerry (NYSE:BB) delivered stronger-than-expected fourth-quarter results, but its shares fell nearly 2% in pre-market on Wednesday trading as the company issued weaker-than-anticipated guidance.
Warning! GuruFocus has detected 5 Warning Signs with BB.
For the quarter ended Feb. 28, BlackBerry reported adjusted earnings per share of $0.03, surpassing analyst expectations of $0.02. Revenue reached $141.7 million, exceeding the consensus estimate of $132.2 million and reflecting an improvement from the prior year.
CEO John J. Giamatteo highlighted robust financial performance across its three divisions, QNX, Secure Communications, and Licensing. QNX revenue increased 6% sequentially to $65.8 million, while Secure Communications generated $67.3 million, surpassing company guidance. Licensing revenue also topped forecasts at $8.6 million.
Moreover.The company's total cash and investments rose by $144 million sequentially to $410 million, supported by improved cash flow and proceeds from the partial sale of Cylance to Arctic Wolf.
Despite the strong quarterly results, BlackBerry provided a weaker-than-expected outlook. First-quarter revenue is projected between $107 million and $115 million, below the consensus estimate of $128.4 million. Full-year fiscal 2026 revenue is expected to range from $504 million to $534 million, missing Wall Street's forecast of $550.6 million.
This article first appeared on GuruFocus.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 minutes ago
- Yahoo
This Energy Infrastructure Company Boasts Stable Cash Flows and Solid Dividends
Kinder Morgan, Inc. (NYSE:KMI) is one of the 12 Best Natural Gas Stocks to Buy According to Analysts. Kinder Morgan, Inc. (NYSE:KMI) makes its money typically by charging fees for use of the capacity of its pipelines, terminals, and other assets. The company boasts very stable cash flows, as around 95% of its earnings come from predictable sources like take-or-pay agreements, fee-based contracts, or commodity price hedges. Aerial view of an oil and gas pipeline, spanning vast landscapes. Kinder Morgan, Inc. (NYSE:KMI) maintains a robust balance sheet, ending Q1 2025 with a Net Debt-to-Adjusted EBITDA ratio of 4.1 times. It also generated cash flow from operations of $1.2 billion and $0.4 billion in free cash flow after capital expenditures. The company is targeting to generate about $5.9 billion in cash flow from operations this year, up 5% from 2024. Kinder Morgan, Inc. (NYSE:KMI) remains committed to its shareholders and paid dividends of around $650 million in the first quarter of 2025. The company recently announced a quarterly dividend of $0.2925 per share for Q1, up 2% YoY and marking the eighth straight year that Kinder Morgan has increased its payouts. With an annual dividend yield of 4.18%, KMI was recently included in our list of the 10 Energy Stocks with Fat Dividends. Kinder Morgan, Inc. (NYSE:KMI) is one of the largest energy infrastructure companies in North America. With approximately 66,000 miles of pipelines, the company transports approximately 40% of the natural gas produced in the United States. While we acknowledge the potential of KMI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Nuclear Energy Stocks to Buy Right Now and Disclosure: None. Sign in to access your portfolio
Yahoo
17 minutes ago
- Yahoo
Rio Tinto Advances Sustainable Mining With C$7.6M Investment in Quebec Project
Rio Tinto Group (NYSE:RIO) ranks among the top stocks for an early retirement portfolio. Rio Tinto Group (NYSE:RIO) stated on June 12 that it planned to invest Cdn$7.6 million in an industrial demonstration project for evaluating ore sorting technology at its Lac Tio mine in Havre-Saint-Pierre, Quebec. A further Cdn$2.5 million is set to be contributed by the Quebec government through its support program for strategic mineral processing. The project seeks to sift ore at the source based on its titanium and scandium levels. Through improved separation of commercially usable rock from waste rock, the procedure may minimize the amount of material transported between the mine and Rio Tinto's Sorel-Tracy processing complex, which might lower transportation costs and greenhouse gas emissions. The project will be carried out in two stages, with activities in 2025 centering on technological validation, engineering, and ore sorting circuit commissioning. Meanwhile, additional machinery will be added in 2026 to automate the procedure and generate several batches of enriched ore. One of the largest mining companies in the world, Rio Tinto Group (NYSE:RIO), is known for its vast range of mineral resource exploration and extraction. The company's mining portfolio includes lithium, aluminum, copper, iron ore, diamonds, gold, and molybdenum. While we acknowledge the potential of RIO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Yahoo
17 minutes ago
- Yahoo
UBS Keeps Neutral Stance on Enbridge After Project, Fire Risk Updates
Enbridge Inc. (NYSE:ENB) ranks among the top stocks for an early retirement portfolio. UBS analysts maintained their price target for Enbridge Inc. (NYSE:ENB) at Cdn$75 and reaffirmed their Neutral rating on the company's shares on June 5. The decision comes after several operational updates were discussed at a recent meeting with Enbridge management in New York City. Concerns over fire hazards, particularly in the Christina Lake area, were part of the discussion. While there was a considerable risk at first, recent rain without lightning has significantly decreased the threat. Additionally, management observed that producers have improved their risk management over time. The Rio Bravo pipeline project by Enbridge, which is positioned to facilitate future expansions at the Rio Grande LNG facility, was a key topic of discussion. Over the last two years, the company has committed between $2 billion and $2.5 billion in investments to increase its involvement in Permian gas expansion projects. Enbridge Inc. (NYSE:ENB) is a midstream energy company that specializes in the distribution and transportation of natural gas, oil, and natural gas liquids. While we acknowledge the potential of ENB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
