BlackBerry Full Year 2023 Earnings: EPS Beats Expectations, Revenues Lag
BlackBerry (TSE:BB) Full Year 2023 Results
Key Financial Results
Revenue: US$656.0m (down 8.6% from FY 2022).
Net loss: US$734.0m (down from US$12.0m profit in FY 2022).
US$1.27 loss per share (down from US$0.021 profit in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
BlackBerry EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 1.0%.
Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 15% growth forecast for the Software industry in Canada.
Performance of the Canadian Software industry.
The company's shares are up 17% from a week ago.
Risk Analysis
What about risks? Every company has them, and we've spotted 1 warning sign for BlackBerry you should know about.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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