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Sristi Suman Jayaswal

Are Investors Buying Up Stock in BlackBerry (BB) Before Earnings Hit?

BB Blackberry BlackBerry Limited Sristi Suman JayaswalThe Steve Reitmeister

Waterloo, Canada-based BlackBerry Limited (BB) is set to unveil its quarterly earnings results on Thursday, September 28, after the market closes. Analysts expect BB’s revenue and EPS for the fiscal second quarter (ended August 2023) to decline 12.5% and 1.8% year-over-year to $146.95 million and negative $0.05, respectively.

For the same quarter, the company projects its overall revenue to reach approximately $132 million, with IoT revenue of about $49 million and Licensing and Other revenue to reach nearly $3 million. Cybersecurity segment revenue is predicted to fall below expectations, with anticipated earnings of merely $80 million, attributed to the failure to materialize government deals during the quarter.

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