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BlackBerry Earnings Beat, Revenue Misses In Q1

Investing.com - BlackBerry (NYSE:BB) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

BlackBerry announced earnings per share of $0.02 on revenue of $214M. Analysts polled by Investing.com anticipated EPS of $-0.02 on revenue of $214.35M.

BlackBerry shares are down 23.36% from the beginning of the year , still down 42.12% from its 52 week high of $8.50 set on June 25, 2019. They are under-performing the EUR/USD which is down 0% year to date.

BlackBerry follows other major Technology sector earnings this month

BlackBerry's report follows an earnings beat by Adobe on June 11, who reported EPS of $2.45 on revenue of $3.13B, compared to forecasts EPS of $2.32 on revenue of $3.16B.

Salesforce.com had beat expectations on May 28 with first quarter EPS of $0.7 on revenue of $4.87B, compared to forecast for EPS of $0.69 on revenue of $4.85B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar