U.S. Markets close in 1 hr 47 mins

BlackBerry Trades Lower On Q2 Earnings

Tanzeel Akhtar

BlackBerry Ltd (NYSE: BB) reported second-quarterly sales of $261 million, which missed the analyst consensus estimate of $265.7 million by 1.77%. This is a 21.96% increase over sales of $214 million the same period last year.

BlackBerry's breakeven EPS beat the estimate by a penny.

The company reported second-quarter recurring non-GAAP software and services revenue (excluding IP licensing and professional services) was over 90%.

"In the quarter, our QNX, Cylance and Licensing businesses executed at or better than our expectations. We achieved break-even non-GAAP earnings per share and generated free cash flow even with increased investments in sales and product development to support future growth," said John Chen, CEO of BlackBerry.

View more earnings on BB

BlackBerry shares traded down 9.4% at $6.80 in Tuesday's pre-market session. The stock has a 52-week high of $12 and a 52-week low of $6.57 per share.

Related Links:

BlackBerry Reports Q1 Earnings Beat

The Street Debates BlackBerry's Q3 Earnings

See more from Benzinga

© 2019 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.