In its fiscal first quarter report released last month, BlackBerry Limited (BB) presented a strong performance, with earnings and revenue surpassing expectations by substantial margins, which drove up its stock.
The company reported an impressive 122% year-over-year growth in revenue, totaling $373 million and surpassing analyst estimates by a whopping $213.71 million. BB’s non-GAAP EPS was reported at $0.06, marking a turnaround from the loss of $0.05 seen in the same period of the previous year. This figure exceeded consensus forecasts by $0.11.
