Analysts on average were projecting an adjusted loss of 8 cents a share, according to FactSet. After adjusting for stock compensation and some large impairment benefits, the company reported an adjusted loss of 2 cents a share, down from adjusted earnings of a penny a share a year ago. The company reported a loss of $495 million, or 85 cents a share, after reporting a loss of 3 cents a share in the same quarter a year ago.
BlackBerry reported a year-over-year decline in revenue to $151 million from $185 million, while analysts on average were expecting $154.7 million, according to FactSet.
BB shares declined in after-hours trading Thursday after the company released preliminary fourth-quarter numbers that came up short amid troubles closing cybersecurity-software deals. BlackBerry stock dips after earnings show issues in cybersecurity businessīlackBerry Ltd.
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