Why BlackBerry's Fiscal Third-Quarter Results Weren't That Impressive
BlackBerry (NYSE: BB) posted fiscal third-quarter earnings last week above expectations. Given the 12.39% increase in the stock price after the publication of the results on Dec. 20, the market welcomed the company's performance and management's optimism.
But a closer look shows that these results remain underwhelming and the cybersecurity software vendor will have to drastically improve its performance to justify its current valuation.
Third-quarter revenue was $267 million, up 18% year over year. And non-GAAP (adjusted) EPS came in better than expected at $0.03. In addition to these positive results, management confirmed its full-year outlook and expressed confidence beyond the short term, thanks to the company's improved portfolio.
Source Fool.com
